WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) Sees Large Drop in Short Interest

WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 6 shares, a decline of 99.9% from the June 15th total of 4,027 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 635 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On WEBs Defined Volatility SPY ETF

An institutional investor recently bought a new stake in WEBs Defined Volatility SPY ETF stock. MML Investors Services LLC purchased a new stake in shares of WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 at the end of the most recent quarter.

WEBs Defined Volatility SPY ETF Stock Up 0.6%

Shares of DVSP traded up $0.17 during midday trading on Friday, hitting $29.27. 215 shares of the company traded hands, compared to its average volume of 808. The firm has a 50 day moving average of $28.80 and a 200-day moving average of $27.49. WEBs Defined Volatility SPY ETF has a 52 week low of $23.57 and a 52 week high of $30.19.

About WEBs Defined Volatility SPY ETF

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.