VanEck Durable High Dividend ETF (BATS:DURA) Sees Large Increase in Short Interest

VanEck Durable High Dividend ETF (BATS:DURA) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,318 shares, a growth of 1,046.1% from the April 15th total of 115 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,179 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On VanEck Durable High Dividend ETF

Several institutional investors and hedge funds have recently made changes to their positions in DURA. Royal Bank of Canada grew its position in shares of VanEck Durable High Dividend ETF by 82.2% in the fourth quarter. Royal Bank of Canada now owns 59,886 shares of the company’s stock valued at $2,024,000 after purchasing an additional 27,010 shares during the last quarter. Virtu Financial LLC acquired a new stake in VanEck Durable High Dividend ETF during the third quarter worth approximately $886,000. Bank of America Corp DE grew its position in VanEck Durable High Dividend ETF by 7.1% during the third quarter. Bank of America Corp DE now owns 251,195 shares of the company’s stock worth $8,521,000 after buying an additional 16,577 shares in the last quarter. Jane Street Group LLC acquired a new stake in VanEck Durable High Dividend ETF during the second quarter worth approximately $518,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in VanEck Durable High Dividend ETF during the second quarter worth approximately $380,000.

VanEck Durable High Dividend ETF Stock Up 1.0%

BATS:DURA opened at $37.62 on Tuesday. The stock’s 50 day moving average price is $37.21 and its two-hundred day moving average price is $35.66. The firm has a market capitalization of $50.79 million, a price-to-earnings ratio of 15.63 and a beta of 0.64. VanEck Durable High Dividend ETF has a 12-month low of $31.35 and a 12-month high of $38.43.

About VanEck Durable High Dividend ETF

The VanEck Morningstar Durable Dividend ETF (DURA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a dividend-weighted index of US firms that are screened for dividend yield, financial health, and valuation. DURA was launched on Oct 30, 2018 and is managed by VanEck.