Defiance Connective Technologies ETF (NASDAQ:UFOX) Sees Large Decrease in Short Interest

Defiance Connective Technologies ETF (NASDAQ:UFOX) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 11,692 shares, a decrease of 36.5% from the September 15th total of 18,400 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 13,733 shares, the days-to-cover ratio is currently 0.9 days.

Defiance Connective Technologies ETF Trading Down 3.3%

UFOX stock traded down $2.70 during midday trading on Friday, reaching $78.34. The company had a trading volume of 19,119 shares, compared to its average volume of 33,159. The company has a 50 day moving average of $84.11 and a two-hundred day moving average of $85.98. The company has a market capitalization of $806.90 million, a P/E ratio of 32.82 and a beta of 1.34. Defiance Connective Technologies ETF has a 1 year low of $59.50 and a 1 year high of $106.59.

Defiance Connective Technologies ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 24th. Investors of record on Wednesday, September 23rd were issued a $0.0628 dividend. This is a drop from Defiance Connective Technologies ETF’s previous dividend of $0.1107. The ex-dividend date was Wednesday, September 23rd.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Defiance Connective Technologies ETF stock. Janney Montgomery Scott LLC grew its stake in Defiance Connective Technologies ETF (NASDAQ:UFOX) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,709 shares of the company’s stock after purchasing an additional 300 shares during the period. Janney Montgomery Scott LLC owned approximately 0.17% of Defiance Connective Technologies ETF worth $1,207,000 as of its most recent filing with the Securities and Exchange Commission.

Defiance Connective Technologies ETF Company Profile

Defiance Connective Technologies ETF (NYSEARCA: UFOX) is an exchange-traded fund offered by Defiance ETFs that provides targeted exposure to companies involved in technologies that enable modern connectivity. The fund is designed to capture businesses that build, operate or support communications networks and the infrastructure that connects people, devices and data. As an ETF, UFOX trades on the NYSE Arca and offers investors a single-security way to gain thematic exposure to the connective-technology space.

Holdings typically span a range of industries and business models, including equipment manufacturers (such as networking hardware, antennas and fiber-optic components), semiconductor and component suppliers, telecommunications and satellite service providers, and software and services firms that support cloud, edge computing, Internet of Things (IoT) deployments and network management.