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

ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 11,786 shares, a growth of 487.5% from the September 30th total of 2,006 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 23,194 shares, the days-to-cover ratio is currently 0.5 days.

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

OUSA traded down $0.21 during midday trading on Tuesday, reaching $62.38. 3,776 shares of the company were exchanged, compared to its average volume of 26,220. The company’s fifty day moving average price is $61.26 and its 200 day moving average price is $59.17. ALPS O’Shares U.S. Quality Dividend ETF has a one year low of $54.59 and a one year high of $63.32. The company has a market cap of $728.65 million, a price-to-earnings ratio of 22.27 and a beta of 0.74.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OUSA. Janney Montgomery Scott LLC lifted its position 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 valued at $1,425,000 after buying an additional 1,722 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF during the 1st quarter valued at about $850,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF in the 3rd quarter worth $578,000. Wedbush Securities Inc. purchased a new stake in ALPS O’Shares U.S. Quality Dividend ETF during the third quarter valued at about $539,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in ALPS O’Shares U.S. Quality Dividend ETF in the third quarter worth approximately $295,000.

About ALPS O’Shares U.S. Quality Dividend ETF

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.