Sound Equity Dividend Income ETF (NYSE:DIVY) Shares Shorted: Short Interest Up 166.1% in September

Sound Equity Dividend Income ETF (NYSE:DIVY – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 817 shares, an increase of 166.1% from the August 31st total of 307 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,616 shares, the days-to-cover ratio is currently 0.3 days.

Sound Equity Dividend Income ETF Stock Up 0.3%

Shares of DIVY stock opened at $29.68 on Friday. The stock has a 50-day simple moving average of $30.59 and a 200 day simple moving average of $29.07. Sound Equity Dividend Income ETF has a fifty-two week low of $24.94 and a fifty-two week high of $31.40. The stock has a market capitalization of $28.20 million, a P/E ratio of 15.13 and a beta of 0.66.

Sound Equity Dividend Income ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.0390 per share. The ex-dividend date was Tuesday, September 15th. This represents a dividend yield of 307.0%.

Hedge Funds Weigh In On Sound Equity Dividend Income ETF

An institutional investor recently bought a new position in Sound Equity Dividend Income ETF stock. Hilton Head Capital Partners LLC bought a new position in Sound Equity Dividend Income ETF (NYSE:DIVY – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,049 shares of the company’s stock, valued at approximately $29,000. Hilton Head Capital Partners LLC owned approximately 0.10% of Sound Equity Dividend Income ETF at the end of the most recent reporting period.

About Sound Equity Dividend Income ETF

(Get Free Report)

The Sound Equity Income ETF (DIVY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. DIVY was launched on Dec 30, 2020 and is managed by Tidal.

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