ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) Sees Large Decline in Short Interest

ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 575 shares, a drop of 35.7% from the August 15th total of 894 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 18,201 shares, the days-to-cover ratio is presently 0.0 days.

ALPS O’Shares U.S. Quality Dividend ETF Trading Up 0.2%

NYSEARCA OUSA traded up $0.10 on Thursday, hitting $60.46. 20,986 shares of the company’s stock were exchanged, compared to its average volume of 27,181. The stock has a 50-day moving average of $61.10 and a 200-day moving average of $58.87. ALPS O’Shares U.S. Quality Dividend ETF has a 52 week low of $54.59 and a 52 week high of $62.79. The stock has a market cap of $741.84 million, a price-to-earnings ratio of 22.27 and a beta of 0.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its position in ALPS O’Shares U.S. Quality Dividend ETF by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock worth $1,425,000 after purchasing an additional 1,722 shares in the last quarter. Ascentis Independent Advisors bought a new position in ALPS O’Shares U.S. Quality Dividend ETF in the 1st quarter valued at approximately $850,000. Finally, Allied Private Wealth LLC acquired a new stake in ALPS O’Shares U.S. Quality Dividend ETF in the second quarter valued at approximately $120,000.

About ALPS O’Shares U.S. Quality Dividend ETF

The ALPS O’Shares U.S. Quality Dividend ETF Shares (OUSA) is an exchange-traded fund that is based on the O’Shares US Quality Dividend index. The fund selects and weights large-cap US stocks based on four factors: high quality, low volatility, high dividend yield, and dividend quality. OUSA was launched on Jul 14, 2015 and is managed by ALPS.