Dimensional US High Profitability ETF (NYSEARCA:DUHP) Stock Short Interest Jumps 65.5%

Dimensional US High Profitability ETF (NYSEARCA:DUHP) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 254,744 shares, an increase of 65.5% from the September 30th total of 153,915 shares. Based on an average daily trading volume, of 883,583 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Dimensional US High Profitability ETF Stock Performance

NYSEARCA DUHP opened at $42.51 on Tuesday. The stock’s fifty day moving average is $42.30 and its two-hundred day moving average is $40.45. The firm has a market capitalization of $12.92 billion, a P/E ratio of 24.91 and a beta of 0.94. Dimensional US High Profitability ETF has a fifty-two week low of $35.69 and a fifty-two week high of $43.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Shore Point Advisors LLC purchased a new stake in Dimensional US High Profitability ETF in the third quarter valued at approximately $9,267,000. Envestnet Asset Management Inc. lifted its stake in Dimensional US High Profitability ETF by 12.2% during the second quarter. Envestnet Asset Management Inc. now owns 4,104,606 shares of the company’s stock worth $171,285,000 after purchasing an additional 447,111 shares in the last quarter. Cherry Tree Wealth Management LLC boosted its position in shares of Dimensional US High Profitability ETF by 24.2% during the second quarter. Cherry Tree Wealth Management LLC now owns 153,960 shares of the company’s stock worth $6,425,000 after buying an additional 30,025 shares during the period. Tortoise Investment Management LLC boosted its position in shares of Dimensional US High Profitability ETF by 5.0% during the second quarter. Tortoise Investment Management LLC now owns 180,837 shares of the company’s stock worth $7,546,000 after buying an additional 8,686 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Dimensional US High Profitability ETF by 0.5% during the second quarter. Sequoia Financial Advisors LLC now owns 824,569 shares of the company’s stock worth $34,409,000 after buying an additional 4,221 shares during the period.

Dimensional US High Profitability ETF Company Profile

The Dimensional US High Profitability ETF (DUHP) is an exchange-traded fund that mostly invests in large cap equity. The fund invests in a broad and diverse group of large-cap US stocks actively selected based on perceived higher profitability relative to other US large-cap companies. DUHP was launched on Feb 23, 2022 and is managed by Dimensional.