Short Interest in Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) Declines By 50.0%

Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 7,482 shares, a decrease of 50.0% from the May 31st total of 14,959 shares. Based on an average daily volume of 87,936 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Hoya Capital High Dividend Yield ETF stock. Pettee Investors Inc. grew its position in Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) by 8.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 97,314 shares of the company’s stock after buying an additional 7,985 shares during the period. Pettee Investors Inc. owned 0.94% of Hoya Capital High Dividend Yield ETF worth $904,000 at the end of the most recent reporting period.

Hoya Capital High Dividend Yield ETF Trading Down 0.1%

Shares of RIET traded down $0.01 during mid-day trading on Tuesday, hitting $9.76. 10,866 shares of the company traded hands, compared to its average volume of 74,722. The stock has a market capitalization of $105.80 million, a price-to-earnings ratio of 15.37 and a beta of 1.03. The business has a 50-day moving average of $9.57 and a 200 day moving average of $9.48. Hoya Capital High Dividend Yield ETF has a one year low of $8.75 and a one year high of $10.12.

Hoya Capital High Dividend Yield ETF Company Profile

The Hoya Capital High Dividend Yield ETF (RIET) is an exchange-traded fund that is based on the Hoya Capital High Dividend Yield index. The fund tracks an index of 100 high-dividend-paying, US-listed common and preferred stocks of REITs and real estate operating companies. RIET was launched on Sep 21, 2021 and is managed by Hoya.