WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) Short Interest Up 10,950.0% in May

WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 884 shares, an increase of 10,950.0% from the May 14th total of 8 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 631 shares, the days-to-cover ratio is presently 1.4 days.

WEBs Defined Volatility SPY ETF Trading Down 0.5%

DVSP stock opened at $28.38 on Wednesday. The company has a 50 day simple moving average of $27.56 and a 200 day simple moving average of $27.22. WEBs Defined Volatility SPY ETF has a 1 year low of $21.91 and a 1 year high of $30.19.

Hedge Funds Weigh In On WEBs Defined Volatility SPY ETF

An institutional investor recently bought a new position in WEBs Defined Volatility SPY ETF stock. MML Investors Services LLC purchased a new stake in WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,663 shares of the company’s stock, valued at approximately $262,000. MML Investors Services LLC owned 9.66% of WEBs Defined Volatility SPY ETF as of its most recent filing with the Securities and Exchange Commission.

About WEBs Defined Volatility SPY ETF

The WEBs Defined Volatility SPY ETF (DVSP) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that primarily invests in the SPDR S&P 500 ETF (SPY), while alternately allocating between total return swaps and cash positions for a target annual volatility rate of 20%. DVSP was launched on Dec 16, 2024 and is issued by WEBs.