ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) Sees Large Decline in Short Interest

ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 575 shares, a drop of 35.7% from the August 15th total of 894 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 18,201 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Allied Private Wealth LLC bought a new stake in ALPS O’Shares U.S. Quality Dividend ETF in the second quarter worth approximately $120,000. Ascentis Independent Advisors bought a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF during the 1st quarter worth approximately $850,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of ALPS O’Shares U.S. Quality Dividend ETF by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock worth $1,425,000 after buying an additional 1,722 shares in the last quarter.

ALPS O’Shares U.S. Quality Dividend ETF Stock Performance

Shares of NYSEARCA:OUSA traded up $0.10 during mid-day trading on Thursday, reaching $60.46. 20,986 shares of the company’s stock were exchanged, compared to its average volume of 27,181. ALPS O’Shares U.S. Quality Dividend ETF has a twelve month low of $54.59 and a twelve month high of $62.79. The firm has a market capitalization of $741.84 million, a price-to-earnings ratio of 22.27 and a beta of 0.74. The business’s fifty day moving average price is $61.10 and its 200-day moving average price is $58.87.

ALPS O’Shares U.S. Quality Dividend ETF Company Profile

The ALPS O’Shares U.S. Quality Dividend ETF Shares (OUSA) is an exchange-traded fund that is based on the O’Shares US Quality Dividend index. The fund selects and weights large-cap US stocks based on four factors: high quality, low volatility, high dividend yield, and dividend quality. OUSA was launched on Jul 14, 2015 and is managed by ALPS.