Short Interest in SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) Expands By 27.8%

SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 1,440 shares, an increase of 27.8% from the December 31st total of 1,127 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,079 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 2,079 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s stock are short sold.

SmartETFs Dividend Builder ETF Stock Down 0.4%

Shares of NYSEARCA DIVS traded down $0.14 on Tuesday, reaching $32.26. 3,424 shares of the company’s stock traded hands, compared to its average volume of 2,764. SmartETFs Dividend Builder ETF has a 12 month low of $26.25 and a 12 month high of $32.44. The business’s 50 day simple moving average is $31.30 and its two-hundred day simple moving average is $31.11. The company has a market cap of $41.94 million, a price-to-earnings ratio of 23.34 and a beta of 0.71.

SmartETFs Dividend Builder ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 12th were issued a dividend of $0.427 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from SmartETFs Dividend Builder ETF’s previous quarterly dividend of $0.14. This represents a $1.71 annualized dividend and a dividend yield of 5.3%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SmartETFs Dividend Builder ETF stock. Flow Traders U.S. LLC purchased a new stake in SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,613 shares of the company’s stock, valued at approximately $327,000. Flow Traders U.S. LLC owned approximately 0.82% of SmartETFs Dividend Builder ETF as of its most recent filing with the SEC.

About SmartETFs Dividend Builder ETF

The SmartETFs Dividend Builder ETF (DIVS) is an exchange-traded fund that is based on the MSCI World NR index. The fund is an actively-managed portfolio of dividend-paying companies from both developed and emerging markets. The fund seeks income and consistent dividend growth. DIVS was launched on Mar 30, 2012 and is managed by SmartETFs.