TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) Short Interest Update

TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 457 shares, a drop of 98.0% from the August 31st total of 23,394 shares. Based on an average trading volume of 17,074 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TrueShares Low Volatility Equity Income ETF stock. Highland Investment Advisors LLC bought a new position in TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,005 shares of the company’s stock, valued at approximately $38,000.

TrueShares Low Volatility Equity Income ETF Stock Performance

Shares of DIVZ traded up $0.14 during trading hours on Friday, hitting $37.05. The company had a trading volume of 12,550 shares, compared to its average volume of 28,369. The firm has a fifty day moving average price of $38.27 and a 200-day moving average price of $37.80. The stock has a market capitalization of $298.62 million, a price-to-earnings ratio of 17.36 and a beta of 0.58. TrueShares Low Volatility Equity Income ETF has a 52-week low of $34.67 and a 52-week high of $39.67.

About TrueShares Low Volatility Equity Income ETF

The TrueShares Low Volatility Equity Income ETF (DIVZ) is an exchange-traded fund that mostly invests in total market equity. The fund holds an actively-managed, concentrated portfolio of US-listed companies that are favorably valued and have attractive dividends. The fund also seeks to deliver lower volatility than the overall market. DIVZ was launched on Jan 27, 2021 and is managed by TrueShares.