ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (NYSEARCA:OUSM) Shares Shorted: Short Interest Up 353.8% in September

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (NYSEARCA:OUSM) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 3,925 shares, an increase of 353.8% from the August 31st total of 865 shares. Based on an average trading volume of 42,080 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Stock Up 0.8%

OUSM stock traded up $0.37 during mid-day trading on Friday, reaching $46.75. 35,002 shares of the company traded hands, compared to its average volume of 66,629. The stock has a market cap of $796.15 million, a price-to-earnings ratio of 15.13 and a beta of 0.90. ALPS O’Shares U.S. Small-Cap Quality Dividend ETF has a fifty-two week low of $42.08 and a fifty-two week high of $50.36. The firm’s 50 day moving average price is $48.79 and its 200 day moving average price is $47.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors bought a new stake in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF during the first quarter worth $1,164,000. Bank of New York Mellon Corp lifted its stake in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 37,615 shares of the company’s stock valued at $1,645,000 after acquiring an additional 335 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 2.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,323 shares of the company’s stock valued at $1,195,000 after acquiring an additional 702 shares in the last quarter.

About ALPS O’Shares U.S. Small-Cap Quality Dividend ETF

The ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Shares (OUSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks weighted for exposure to quality, low volatility, high dividend yield, and dividend quality factors. OUSM was launched on Dec 30, 2016 and is managed by ALPS.