Short Interest in The Opal International Dividend Income ETF (BATS:IDVZ) Grows By 244.0%

The Opal International Dividend Income ETF (BATS:IDVZ) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 55,049 shares, a growth of 244.0% from the May 14th total of 16,001 shares. Based on an average daily trading volume, of 18,273 shares, the short-interest ratio is presently 3.0 days. Currently, 1.9% of the shares of the company are sold short.

Opal International Dividend Income ETF Trading Up 0.7%

Shares of IDVZ traded up $0.24 during mid-day trading on Friday, hitting $35.08. 8,027 shares of the company’s stock were exchanged, compared to its average volume of 18,416. The business’s 50 day moving average is $34.72 and its two-hundred day moving average is $33.54. The firm has a market capitalization of $103.49 million and a P/E ratio of 12.70. Opal International Dividend Income ETF has a fifty-two week low of $26.09 and a fifty-two week high of $37.98.

Institutional Investors Weigh In On Opal International Dividend Income ETF

A number of institutional investors have recently modified their holdings of IDVZ. Thrivent Financial for Lutherans bought a new stake in shares of Opal International Dividend Income ETF during the 3rd quarter valued at about $536,000. 49 Wealth Management LLC grew its position in shares of Opal International Dividend Income ETF by 12.7% during the 3rd quarter. 49 Wealth Management LLC now owns 3,152,328 shares of the company’s stock valued at $96,982,000 after buying an additional 354,134 shares during the last quarter. Finally, Citadel Advisors LLC grew its position in shares of Opal International Dividend Income ETF by 592.1% during the 3rd quarter. Citadel Advisors LLC now owns 47,340 shares of the company’s stock valued at $1,456,000 after buying an additional 40,500 shares during the last quarter.

About Opal International Dividend Income ETF

The Opal International Dividend Income ETF (IDVZ) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is actively managed investing in dividend paying companies in the global ex-US space. It aims for capital appreciation and a higher dividend yield compared to the MSCI ACWI ex USA High Dividend Yield Total Return Index IDVZ was launched on Dec 26, 2024 and is issued by OPAL.