Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) Sees Significant Decrease in Short Interest

Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 34,178 shares, a decline of 69.4% from the July 15th total of 111,514 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 95,651 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Hoya Capital High Dividend Yield ETF

An institutional investor recently raised its position in Hoya Capital High Dividend Yield ETF stock. Pettee Investors Inc. lifted its stake in shares of Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,314 shares of the company’s stock after acquiring an additional 7,985 shares during the period. Pettee Investors Inc. owned 0.94% of Hoya Capital High Dividend Yield ETF worth $904,000 as of its most recent SEC filing.

Hoya Capital High Dividend Yield ETF Stock Performance

Shares of RIET stock remained flat at $9.56 during trading hours on Friday. 46,869 shares of the stock traded hands, compared to its average volume of 78,587. The stock has a fifty day moving average of $9.67 and a two-hundred day moving average of $9.53. Hoya Capital High Dividend Yield ETF has a twelve month low of $8.75 and a twelve month high of $10.12. The firm has a market capitalization of $108.12 million, a PE ratio of 15.37 and a beta of 1.02.

About Hoya Capital High Dividend Yield ETF

The Hoya Capital High Dividend Yield ETF (RIET) is an exchange-traded fund that is based on the Hoya Capital High Dividend Yield index. The fund tracks an index of 100 high-dividend-paying, US-listed common and preferred stocks of REITs and real estate operating companies. RIET was launched on Sep 21, 2021 and is managed by Hoya.