SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) Sees Significant Decrease in Short Interest

SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 673 shares, a decline of 75.3% from the November 30th total of 2,723 shares. Based on an average trading volume of 1,748 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,748 shares, the days-to-cover ratio is currently 0.4 days.

SmartETFs Dividend Builder ETF Price Performance

SmartETFs Dividend Builder ETF stock traded up $0.07 during midday trading on Friday, reaching $31.22. 6,303 shares of the company traded hands, compared to its average volume of 3,517. SmartETFs Dividend Builder ETF has a 12 month low of $26.25 and a 12 month high of $31.86. The business has a 50 day moving average of $31.12 and a two-hundred day moving average of $30.98. The firm has a market capitalization of $40.59 million, a price-to-earnings ratio of 23.34 and a beta of 0.71.

SmartETFs Dividend Builder ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 12th were issued a dividend of $0.427 per share. This represents a $1.71 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from SmartETFs Dividend Builder ETF’s previous quarterly dividend of $0.14.

Institutional Trading of SmartETFs Dividend Builder ETF

A hedge fund recently raised its stake in SmartETFs Dividend Builder ETF stock. Flow Traders U.S. LLC grew its holdings in SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) by 151.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,680 shares of the company’s stock after acquiring an additional 16,067 shares during the period. Flow Traders U.S. LLC owned 2.05% of SmartETFs Dividend Builder ETF worth $830,000 as of its most recent SEC filing.

About SmartETFs Dividend Builder ETF

The SmartETFs Dividend Builder ETF (DIVS) is an exchange-traded fund that is based on the MSCI World NR index. The fund is an actively-managed portfolio of dividend-paying companies from both developed and emerging markets. The fund seeks income and consistent dividend growth. DIVS was launched on Mar 30, 2012 and is managed by SmartETFs.