Short Interest in Sound Equity Dividend Income ETF (NYSE:DIVY) Drops By 35.9%

Sound Equity Dividend Income ETF (NYSE:DIVY) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 307 shares, a decrease of 35.9% from the August 15th total of 479 shares. Based on an average daily trading volume, of 1,842 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Sound Equity Dividend Income ETF Trading Down 1.3%

Sound Equity Dividend Income ETF stock traded down $0.40 during mid-day trading on Friday, hitting $29.85. The company’s stock had a trading volume of 968 shares, compared to its average volume of 2,711. The stock’s fifty day moving average is $30.57 and its two-hundred day moving average is $29.02. The firm has a market capitalization of $29.82 million, a PE ratio of 15.13 and a beta of 0.66. Sound Equity Dividend Income ETF has a 1 year low of $24.94 and a 1 year high of $31.40.

Sound Equity Dividend Income ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 15th were paid a $0.039 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a dividend yield of 307.0%.

Institutional Investors Weigh In On Sound Equity Dividend Income ETF

An institutional investor recently bought a new stake in Sound Equity Dividend Income ETF stock. Hilton Head Capital Partners LLC bought a new position in shares of Sound Equity Dividend Income ETF (NYSE:DIVY) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,049 shares of the company’s stock, valued at approximately $29,000. Hilton Head Capital Partners LLC owned approximately 0.10% of Sound Equity Dividend Income ETF as of its most recent SEC filing.

About Sound Equity Dividend Income ETF

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.