WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) Sees Significant Increase in Short Interest

WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 884 shares, a growth of 10,950.0% from the May 14th total of 8 shares. Based on an average daily trading volume, of 631 shares, the short-interest ratio is presently 1.4 days. Approximately 1.5% of the company’s stock are short sold.

Hedge Funds Weigh In On WEBs Defined Volatility SPY ETF

An institutional investor recently bought a new position in WEBs Defined Volatility SPY ETF stock. MML Investors Services LLC bought a new stake in shares of WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,663 shares of the company’s stock, valued at approximately $262,000. MML Investors Services LLC owned about 9.66% of WEBs Defined Volatility SPY ETF as of its most recent filing with the Securities & Exchange Commission.

WEBs Defined Volatility SPY ETF Stock Performance

Shares of DVSP opened at $28.38 on Thursday. WEBs Defined Volatility SPY ETF has a one year low of $21.91 and a one year high of $30.19. The company has a 50-day simple moving average of $27.65 and a two-hundred day simple moving average of $27.23.

WEBs Defined Volatility SPY ETF Company Profile

The WEBs Defined Volatility SPY ETF (DVSP) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that primarily invests in the SPDR S&P 500 ETF (SPY), while alternately allocating between total return swaps and cash positions for a target annual volatility rate of 20%. DVSP was launched on Dec 16, 2024 and is issued by WEBs.