Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) Sees Large Growth in Short Interest

Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 486,380 shares, a growth of 314.0% from the May 14th total of 117,490 shares. Based on an average daily trading volume, of 546,572 shares, the days-to-cover ratio is presently 0.9 days. Approximately 5.9% of the shares of the company are short sold.

Defiance Oil Enhanced Options Income ETF Stock Performance

USOY stock traded down $0.38 on Thursday, reaching $7.90. The company’s stock had a trading volume of 181,822 shares, compared to its average volume of 511,632. Defiance Oil Enhanced Options Income ETF has a 52 week low of $6.39 and a 52 week high of $10.55. The firm has a fifty day moving average of $8.63 and a two-hundred day moving average of $7.62.

Defiance Oil Enhanced Options Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 5th. Investors of record on Thursday, June 4th were issued a $0.0805 dividend. The ex-dividend date of this dividend was Thursday, June 4th.

Defiance Oil Enhanced Options Income ETF Company Profile

The Defiance Oil Enhanced Options Income ETF (USOY) is an exchange-traded fund that mostly invests in crude oil commodities. The fund is an actively managed fund that employs a put options strategy that emphasizes current income while providing exposure to the price of United States Oil Fund (USO). The underlying fund holds short-term futures contracts on WTI crude oil. USOY was launched on May 9, 2024 and is issued by Defiance.