Sound Equity Dividend Income ETF (NYSE:DIVY) Short Interest Down 35.9% in August

Sound Equity Dividend Income ETF (NYSE:DIVY) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 307 shares, a decline of 35.9% from the August 15th total of 479 shares. Based on an average daily trading volume, of 1,842 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

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

Sound Equity Dividend Income ETF Price Performance

Shares of DIVY stock traded up $0.04 during trading hours on Thursday, hitting $30.25. The company had a trading volume of 1,713 shares, compared to its average volume of 2,721. The company’s fifty day moving average is $30.55 and its 200 day moving average is $29.01. 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 $30.22 million, a PE ratio of 15.13 and a beta of 0.66.

Sound Equity Dividend Income ETF Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 16th. Investors of record on Tuesday, September 15th were paid a dividend of $0.039 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a yield of 307.0%.

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.