Short Interest in TrueShares Active Yield ETF (NASDAQ:ERNZ) Drops By 38.2%

TrueShares Active Yield ETF (NASDAQ:ERNZ) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 5,500 shares, a decrease of 38.2% from the August 31st total of 8,900 shares. Based on an average trading volume of 15,500 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 15,500 shares, the days-to-cover ratio is currently 0.4 days.

TrueShares Active Yield ETF Stock Down 0.4%

ERNZ opened at $22.16 on Tuesday. The company has a market capitalization of $142.49 million and a PE ratio of 14.09. The firm has a 50-day simple moving average of $22.55 and a two-hundred day simple moving average of $22.49. TrueShares Active Yield ETF has a 52 week low of $20.64 and a 52 week high of $25.48.

TrueShares Active Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 26th. Stockholders of record on Thursday, September 25th were given a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Thursday, September 25th.

About TrueShares Active Yield ETF

The TrueShares Active Yield ETF (ERNZ) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to outperform the broader market by investing in a portfolio of 50-150 income-generating securities derived from quantitative and qualitative analysis. ERNZ was launched on Apr 30, 2024 and is issued by Truemark Group.