ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) Sees Large Decline in Short Interest

ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 575 shares, a decrease of 35.7% from the August 15th total of 894 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 18,201 shares, the short-interest ratio is currently 0.0 days.

ALPS O’Shares U.S. Quality Dividend ETF Stock Down 0.4%

Shares of NYSEARCA OUSA opened at $60.24 on Friday. The company has a market cap of $739.14 million, a P/E ratio of 22.27 and a beta of 0.74. ALPS O’Shares U.S. Quality Dividend ETF has a 52 week low of $54.59 and a 52 week high of $62.79. The business has a 50-day simple moving average of $61.13 and a two-hundred day simple moving average of $58.89.

Hedge Funds Weigh In On ALPS O’Shares U.S. Quality Dividend ETF

A number of large investors have recently modified their holdings of OUSA. Janney Montgomery Scott LLC grew its stake in ALPS O’Shares U.S. Quality Dividend ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock valued at $1,425,000 after acquiring an additional 1,722 shares in the last quarter. Allied Private Wealth LLC purchased a new stake in ALPS O’Shares U.S. Quality Dividend ETF in the 2nd quarter worth approximately $120,000. Finally, Ascentis Independent Advisors bought a new position in ALPS O’Shares U.S. Quality Dividend ETF in the 1st quarter valued at $850,000.

About ALPS O’Shares U.S. Quality Dividend ETF

The ALPS O’Shares U.S. Quality Dividend ETF Shares (OUSA) is an exchange-traded fund that is based on the O’Shares US Quality Dividend index. The fund selects and weights large-cap US stocks based on four factors: high quality, low volatility, high dividend yield, and dividend quality. OUSA was launched on Jul 14, 2015 and is managed by ALPS.