The Opal International Dividend Income ETF (BATS:IDVZ) Sees Significant Growth in Short Interest

The Opal International Dividend Income ETF (BATS:IDVZ) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 55,049 shares, a growth of 244.0% from the May 14th total of 16,001 shares. Based on an average daily trading volume, of 18,273 shares, the short-interest ratio is presently 3.0 days. Approximately 1.9% of the company’s stock are sold short.

Opal International Dividend Income ETF Price Performance

Shares of BATS IDVZ opened at $34.00 on Thursday. The business has a 50-day moving average of $34.67 and a 200-day moving average of $33.50. The stock has a market capitalization of $100.30 million and a price-to-earnings ratio of 12.70. Opal International Dividend Income ETF has a fifty-two week low of $26.09 and a fifty-two week high of $37.98.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans acquired a new stake in shares of Opal International Dividend Income ETF in the 3rd quarter valued at approximately $536,000. Citadel Advisors LLC increased its holdings in Opal International Dividend Income ETF by 592.1% during the third quarter. Citadel Advisors LLC now owns 47,340 shares of the company’s stock worth $1,456,000 after buying an additional 40,500 shares during the last quarter. Finally, 49 Wealth Management LLC raised its position in Opal International Dividend Income ETF by 12.7% during the third quarter. 49 Wealth Management LLC now owns 3,152,328 shares of the company’s stock worth $96,982,000 after acquiring an additional 354,134 shares in the last quarter.

About Opal International Dividend Income ETF

The Opal International Dividend Income ETF (IDVZ) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is actively managed investing in dividend paying companies in the global ex-US space. It aims for capital appreciation and a higher dividend yield compared to the MSCI ACWI ex USA High Dividend Yield Total Return Index IDVZ was launched on Dec 26, 2024 and is issued by OPAL.