Sound Equity Dividend Income ETF (NYSE:DIVY) Sees Large Decline in Short Interest

Sound Equity Dividend Income ETF (NYSE:DIVY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 307 shares, a decline of 35.9% from the August 15th total of 479 shares. Based on an average trading volume of 1,842 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Sound Equity Dividend Income ETF Trading Up 0.1%

DIVY traded up $0.04 on Thursday, reaching $30.25. The company had a trading volume of 1,713 shares, compared to its average volume of 2,721. The company has a fifty day moving average of $30.55 and a 200-day moving average of $29.01. The company has a market capitalization of $30.22 million, a P/E ratio of 15.13 and a beta of 0.66. Sound Equity Dividend Income ETF has a one year low of $24.94 and a one year high of $31.40.

Sound Equity Dividend Income ETF Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.039 per share. This represents a yield of 307.0%. The ex-dividend date of this dividend was Tuesday, September 15th.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Sound Equity Dividend Income ETF stock. Hilton Head Capital Partners LLC bought a new position in Sound Equity Dividend Income ETF (NYSE:DIVY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,049 shares of the company’s stock, valued at approximately $29,000. Hilton Head Capital Partners LLC owned about 0.10% of Sound Equity Dividend Income ETF as of its most recent SEC filing.

About Sound Equity Dividend Income ETF

The Sound Equity Income ETF (DIVY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. DIVY was launched on Dec 30, 2020 and is managed by Tidal.