Royce Quant Small-Cap Quality Value ETF (NASDAQ:SQLV) Sees Large Drop in Short Interest

Royce Quant Small-Cap Quality Value ETF (NASDAQ:SQLV) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 3,062 shares, a drop of 96.6% from the July 30th total of 91,082 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 3,856 shares, the days-to-cover ratio is currently 0.8 days.

Royce Quant Small-Cap Quality Value ETF Price Performance

SQLV stock traded up $0.04 during midday trading on Tuesday, reaching $54.44. The company had a trading volume of 6,581 shares, compared to its average volume of 2,737. The firm has a 50-day moving average price of $52.95 and a 200-day moving average price of $48.83. The company has a market capitalization of $29.94 million, a P/E ratio of 12.07 and a beta of 1.00. Royce Quant Small-Cap Quality Value ETF has a 1 year low of $39.95 and a 1 year high of $55.30.

Royce Quant Small-Cap Quality Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $0.1236 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Royce Quant Small-Cap Quality Value ETF’s previous quarterly dividend of $0.11.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Royce Quant Small-Cap Quality Value ETF stock. Farther Finance Advisors LLC purchased a new position in shares of Royce Quant Small-Cap Quality Value ETF (NASDAQ:SQLV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 811 shares of the company’s stock, valued at approximately $35,000. Farther Finance Advisors LLC owned about 0.14% of Royce Quant Small-Cap Quality Value ETF as of its most recent SEC filing.

Royce Quant Small-Cap Quality Value ETF Company Profile

The Royce Quant Small-Cap Quality Value ETF (SQLV) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund that uses a multi-factor scoring system to select US small-cap stocks that are weighted based on fundamental composite scores. SQLV was launched on Jul 12, 2017 and is managed by Franklin Templeton.