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
About Sound Equity Dividend Income ETF
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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