Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) Stock Short Interest Rises 241.9%

Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 640,873 shares, a growth of 241.9% from the September 15th total of 187,469 shares. Based on an average trading volume of 499,724 shares, the short-interest ratio is currently 1.3 days. Currently, 6.6% of the company’s stock are sold short.

Defiance Oil Enhanced Options Income ETF Price Performance

Shares of USOY stock traded up $0.04 during trading hours on Tuesday, hitting $7.49. 88,305 shares of the company’s stock traded hands, compared to its average volume of 472,480. The stock’s fifty day simple moving average is $7.29 and its two-hundred day simple moving average is $7.74. Defiance Oil Enhanced Options Income ETF has a 12-month low of $6.35 and a 12-month high of $9.58.

Defiance Oil Enhanced Options Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were issued a $0.0630 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This is an increase from Defiance Oil Enhanced Options Income ETF’s previous dividend of $0.0626. This represents a dividend yield of 4,488.0%.

About Defiance Oil Enhanced Options Income ETF

The Defiance Oil Enhanced Options Income ETF (USOY) is an exchange-traded fund that mostly invests in crude oil commodities. The fund is an actively managed fund that employs a put options strategy that emphasizes current income while providing exposure to the price of United States Oil Fund (USO). The underlying fund holds short-term futures contracts on WTI crude oil. USOY was launched on May 9, 2024 and is issued by Defiance.