Short Interest in SmartETFs Asia Pacific Dividend Builder ETF (NYSEARCA:ADIV) Increases By 343.7%

SmartETFs Asia Pacific Dividend Builder ETF (NYSEARCA:ADIV) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 10,436 shares, a growth of 343.7% from the August 15th total of 2,352 shares. Based on an average trading volume of 5,707 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.4% of the company’s stock are sold short.

SmartETFs Asia Pacific Dividend Builder ETF Stock Performance

ADIV traded up $0.17 on Friday, hitting $19.89. The company had a trading volume of 1,585 shares, compared to its average volume of 13,703. SmartETFs Asia Pacific Dividend Builder ETF has a 12-month low of $17.23 and a 12-month high of $20.36. The stock has a market capitalization of $55.69 million, a price-to-earnings ratio of 12.72 and a beta of 0.63. The stock has a fifty day moving average price of $19.58 and a 200-day moving average price of $18.94.

About SmartETFs Asia Pacific Dividend Builder ETF

The SmartETFs Asia Pacific Dividend Builder ETF (ADIV) is an exchange-traded fund that is based on the MSCI AC Pacific ex-Japan NR index. The fund actively invests in Asia Pacific companies expected to have an increase in dividends over time. ADIV was launched on Mar 31, 2006 and is managed by SmartETFs.