Short Interest in Astoria US Quality Kings ETF (NASDAQ:ROE) Declines By 70.5%

Astoria US Quality Kings ETF (NASDAQ:ROE) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 9,649 shares, a drop of 70.5% from the August 15th total of 32,678 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 20,081 shares, the short-interest ratio is presently 0.5 days.

Astoria US Quality Kings ETF Stock Performance

NASDAQ:ROE traded up $0.59 during mid-day trading on Friday, hitting $43.32. 19,553 shares of the stock were exchanged, compared to its average volume of 34,875. The firm’s 50-day simple moving average is $42.94 and its 200 day simple moving average is $40.42. The stock has a market capitalization of $275.08 million, a price-to-earnings ratio of 18.34 and a beta of 1.03. Astoria US Quality Kings ETF has a fifty-two week low of $33.11 and a fifty-two week high of $44.42.

Astoria US Quality Kings ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were issued a dividend of $0.0833 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.8%.

Hedge Funds Weigh In On Astoria US Quality Kings ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC increased its position in Astoria US Quality Kings ETF by 1.4% during the fourth quarter. LPL Financial LLC now owns 25,679 shares of the company’s stock worth $906,000 after acquiring an additional 348 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of Astoria US Quality Kings ETF by 4.5% during the fourth quarter. Kestra Advisory Services LLC now owns 8,608 shares of the company’s stock worth $304,000 after purchasing an additional 370 shares during the period. Raymond James Financial Inc. bought a new position in shares of Astoria US Quality Kings ETF during the second quarter worth approximately $50,000. Latitude Advisors LLC raised its position in shares of Astoria US Quality Kings ETF by 5.6% in the first quarter. Latitude Advisors LLC now owns 37,588 shares of the company’s stock valued at $1,332,000 after buying an additional 1,985 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in shares of Astoria US Quality Kings ETF by 7.1% in the fourth quarter. Orion Porfolio Solutions LLC now owns 35,837 shares of the company’s stock valued at $1,264,000 after buying an additional 2,366 shares in the last quarter.

About Astoria US Quality Kings ETF

The Astoria US Quality Kings ETF (ROE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that provides long-term capital appreciation by investing in 100 high-quality US stocks in the large- and mid-cap space based on proprietary quantitative screens. Holdings are equally weighted, and sector optimized. ROE was launched on Aug 1, 2023 and is issued by Astoria.