Vident U.S. Bond Strategy ETF (NYSEARCA:VBND) Sees Large Increase in Short Interest

Vident U.S. Bond Strategy ETF (NYSEARCA:VBND) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 27,624 shares, an increase of 184.9% from the October 15th total of 9,695 shares. Based on an average daily volume of 29,938 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the company’s shares are short sold.

Vident U.S. Bond Strategy ETF Trading Down 0.2%

VBND traded down $0.07 during trading on Friday, hitting $41.94. 47,976 shares of the stock were exchanged, compared to its average volume of 26,551. The firm has a 50 day simple moving average of $42.09 and a 200 day simple moving average of $43.19. Vident U.S. Bond Strategy ETF has a 1 year low of $41.34 and a 1 year high of $44.57.

Vident U.S. Bond Strategy ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 20th were given a dividend of $0.1714 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, October 20th. This is a negative change from Vident U.S. Bond Strategy ETF’s previous monthly dividend of $0.1734.

About Vident U.S. Bond Strategy ETF

The Vident Core U.S. Bond Strategy ETF (VBND) is an exchange-traded fund that is based on the Vident Core U.S. Bond index. The fund tracks a multi-factor-weighted USD bond index that is based on sector tail risk, security valuation, and issuer corporate governance. VBND was launched on Oct 16, 2014 and is managed by Vident.