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

WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 5,844 shares, a growth of 205.5% from the October 15th total of 1,913 shares. Based on an average daily trading volume, of 676 shares, the short-interest ratio is presently 8.6 days. Currently, 11.7% of the shares of the company are sold short.

WEBs Defined Volatility SPY ETF Price Performance

DVSP stock traded down $0.14 during midday trading on Friday, hitting $28.13. 60 shares of the stock traded hands, compared to its average volume of 935. The firm has a market cap of $1.41 million, a P/E ratio of 22.79 and a beta of 1.39. The stock’s fifty day simple moving average is $29.52 and its 200-day simple moving average is $28.34. WEBs Defined Volatility SPY ETF has a 1-year low of $23.71 and a 1-year high of $30.88.

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.