Short Interest in SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) Increases By 27.8%

SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,440 shares, an increase of 27.8% from the December 31st total of 1,127 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,079 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 2,079 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of SmartETFs Dividend Builder ETF

A hedge fund recently bought a new stake in SmartETFs Dividend Builder ETF stock. Flow Traders U.S. LLC acquired a new position in shares of SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,613 shares of the company’s stock, valued at approximately $327,000. Flow Traders U.S. LLC owned about 0.82% of SmartETFs Dividend Builder ETF as of its most recent SEC filing.

SmartETFs Dividend Builder ETF Trading Up 1.1%

Shares of NYSEARCA:DIVS traded up $0.36 during trading on Monday, reaching $32.40. 949 shares of the stock were exchanged, compared to its average volume of 2,736. The firm has a market cap of $42.12 million, a PE ratio of 23.34 and a beta of 0.71. The stock has a 50-day moving average price of $31.30 and a 200-day moving average price of $31.11. SmartETFs Dividend Builder ETF has a 12 month low of $26.25 and a 12 month high of $32.40.

SmartETFs Dividend Builder ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 12th were paid a dividend of $0.427 per share. The ex-dividend date was Friday, December 12th. This is a positive change from SmartETFs Dividend Builder ETF’s previous quarterly dividend of $0.14. This represents a $1.71 dividend on an annualized basis and a yield of 5.3%.

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.