Sound Equity Dividend Income ETF (NYSE:DIVY) Stock Short Interest Falls 35.3%

Sound Equity Dividend Income ETF (NYSE:DIVY) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 461 shares, a drop of 35.3% from the September 30th total of 713 shares. Based on an average daily volume of 2,426 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Sound Equity Dividend Income ETF Stock Performance

NYSE DIVY opened at $31.41 on Wednesday. The company has a market cap of $31.41 million, a P/E ratio of 15.13 and a beta of 0.67. The business’s 50 day moving average price is $30.40 and its 200-day moving average price is $29.09. Sound Equity Dividend Income ETF has a fifty-two week low of $24.94 and a fifty-two week high of $31.76.

Sound Equity Dividend Income ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 29th were issued a $0.0390 dividend. This represents a dividend yield of 298.0%. The ex-dividend date was Thursday, October 29th.

Sound Equity Dividend Income ETF Company Profile

The Sound Equity Income ETF (DIVY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. DIVY was launched on Dec 30, 2020 and is managed by Tidal.