Defiance Connective Technologies ETF (NASDAQ:UFOX) Short Interest Update

Defiance Connective Technologies ETF (NASDAQ:UFOX) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 18,400 shares, a decline of 60.6% from the August 31st total of 46,659 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 36,104 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Defiance Connective Technologies ETF

An institutional investor recently raised its position in Defiance Connective Technologies ETF stock. Janney Montgomery Scott LLC increased its holdings in shares of Defiance Connective Technologies ETF (NASDAQ:UFOX) by 1.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,709 shares of the company’s stock after purchasing an additional 300 shares during the period. Janney Montgomery Scott LLC owned 0.17% of Defiance Connective Technologies ETF worth $1,207,000 as of its most recent SEC filing.

Defiance Connective Technologies ETF Trading Up 0.3%

Shares of NASDAQ UFOX traded up $0.22 during trading hours on Tuesday, reaching $85.08. The stock had a trading volume of 2,113 shares, compared to its average volume of 33,922. Defiance Connective Technologies ETF has a 52-week low of $59.50 and a 52-week high of $106.59. The firm has a market cap of $880.58 million, a price-to-earnings ratio of 32.82 and a beta of 1.35. The business’s fifty day moving average price is $83.14 and its two-hundred day moving average price is $84.48.

Defiance Connective Technologies ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 24th. Shareholders of record on Wednesday, September 23rd were issued a dividend of $0.0628 per share. The ex-dividend date was Wednesday, September 23rd. This is a negative change from Defiance Connective Technologies ETF’s previous dividend of $0.1107.

Defiance Connective Technologies ETF Company Profile

Defiance Connective Technologies ETF (NYSEARCA: UFOX) is an exchange-traded fund offered by Defiance ETFs that provides targeted exposure to companies involved in technologies that enable modern connectivity. The fund is designed to capture businesses that build, operate or support communications networks and the infrastructure that connects people, devices and data. As an ETF, UFOX trades on the NYSE Arca and offers investors a single-security way to gain thematic exposure to the connective-technology space.

Holdings typically span a range of industries and business models, including equipment manufacturers (such as networking hardware, antennas and fiber-optic components), semiconductor and component suppliers, telecommunications and satellite service providers, and software and services firms that support cloud, edge computing, Internet of Things (IoT) deployments and network management.