Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) Sees Significant Growth in Short Interest

Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 640,873 shares, an increase of 241.9% from the September 15th total of 187,469 shares. Currently, 6.6% of the shares of the stock are sold short. Based on an average trading volume of 499,724 shares, the short-interest ratio is presently 1.3 days.

Defiance Oil Enhanced Options Income ETF Price Performance

NASDAQ:USOY traded up $0.01 during mid-day trading on Friday, reaching $7.31. 275,339 shares of the stock were exchanged, compared to its average volume of 475,691. The business has a fifty day moving average price of $7.28 and a 200 day moving average price of $7.76. Defiance Oil Enhanced Options Income ETF has a 1-year low of $6.35 and a 1-year high of $9.58.

Defiance Oil Enhanced Options Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were given a dividend of $0.0630 per share. This is a positive change from Defiance Oil Enhanced Options Income ETF’s previous dividend of $0.0626. The ex-dividend date was Thursday, October 8th. This represents a dividend yield of 4,488.0%.

Defiance Oil Enhanced Options Income ETF Company Profile

The Defiance Oil Enhanced Options Income ETF (USOY) is an exchange-traded fund that mostly invests in crude oil commodities. The fund is an actively managed fund that employs a put options strategy that emphasizes current income while providing exposure to the price of United States Oil Fund (USO). The underlying fund holds short-term futures contracts on WTI crude oil. USOY was launched on May 9, 2024 and is issued by Defiance.