TrueShares Structured Outcome (May) ETF (BATS:MAYZ) Shares Up 11.9% After Dividend Announcement

TrueShares Structured Outcome (May) ETF (BATS:MAYZ)’s stock price rose 11.9% on Tuesday following a dividend announcement from the company. The stock traded as high as $30.5181 and last traded at $34.4550. Approximately 16 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 2,403 shares. The stock had previously closed at $30.8034.

The newly announced dividend which will be paid on Friday, December 26th. Investors of record on Wednesday, December 24th will be given a dividend of $0.7203 per share. The ex-dividend date is Wednesday, December 24th. This represents a yield of 213.0%.

TrueShares Structured Outcome (May) ETF Stock Up 9.6%

The company’s 50-day moving average is $33.98 and its two-hundred day moving average is $32.88. The company has a market cap of $9.46 million, a P/E ratio of 25.67 and a beta of 0.71.

About TrueShares Structured Outcome (May) ETF

The TrueShares Structured Outcome (May) ETF (MAYZ) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses on the S&P 500 over a specific holdings period with uncapped gains, subject to strategy costs. The actively-managed fund holds options and collateral. MAYZ was launched on Apr 30, 2021 and is managed by TrueShares.