TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ – Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 65,756 shares, an increase of 148.2% from the April 30th total of 26,490 shares. Based on an average trading volume of 21,017 shares, the days-to-cover ratio is presently 3.1 days. Approximately 1.0% of the company’s stock are sold short.
TrueShares Low Volatility Equity Income ETF Price Performance
Shares of TrueShares Low Volatility Equity Income ETF stock opened at $37.36 on Friday. The stock has a market cap of $237.24 million, a price-to-earnings ratio of 17.36 and a beta of 0.60. The firm’s 50-day moving average is $37.36 and its two-hundred day moving average is $37.24. TrueShares Low Volatility Equity Income ETF has a 1 year low of $33.81 and a 1 year high of $39.35.
Hedge Funds Weigh In On TrueShares Low Volatility Equity Income ETF
A hedge fund recently raised its stake in TrueShares Low Volatility Equity Income ETF stock. 49 Wealth Management LLC increased its holdings in TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ – Free Report) by 9.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,340,018 shares of the company’s stock after buying an additional 284,896 shares during the period. TrueShares Low Volatility Equity Income ETF comprises approximately 11.6% of 49 Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding. 49 Wealth Management LLC owned about 58.70% of TrueShares Low Volatility Equity Income ETF worth $121,528,000 as of its most recent SEC filing.
About TrueShares Low Volatility Equity Income ETF
The TrueShares Low Volatility Equity Income ETF (DIVZ) is an exchange-traded fund that mostly invests in total market equity. The fund holds an actively-managed, concentrated portfolio of US-listed companies that are favorably valued and have attractive dividends. The fund also seeks to deliver lower volatility than the overall market. DIVZ was launched on Jan 27, 2021 and is managed by TrueShares.
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