ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) Stock Short Interest Jumps 487.5%

ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 11,786 shares, a growth of 487.5% from the September 30th total of 2,006 shares. Based on an average trading volume of 23,194 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On ALPS O’Shares U.S. Quality Dividend ETF

Several hedge funds have recently made changes to their positions in the business. Kingswood Wealth Advisors LLC acquired a new stake in ALPS O’Shares U.S. Quality Dividend ETF in the 3rd quarter valued at about $295,000. Wedbush Securities Inc. acquired a new position in ALPS O’Shares U.S. Quality Dividend ETF during the third quarter worth approximately $539,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF in the third quarter valued at approximately $578,000. Allied Private Wealth LLC acquired a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF during the 2nd quarter worth approximately $120,000. Finally, Ascentis Independent Advisors bought a new stake in ALPS O’Shares U.S. Quality Dividend ETF in the 1st quarter valued at $850,000.

ALPS O’Shares U.S. Quality Dividend ETF Stock Up 0.7%

OUSA traded up $0.41 during trading on Thursday, hitting $62.79. The company had a trading volume of 5,410 shares, compared to its average volume of 26,183. The company has a market capitalization of $733.38 million, a PE ratio of 22.27 and a beta of 0.74. ALPS O’Shares U.S. Quality Dividend ETF has a one year low of $54.59 and a one year high of $63.32. The firm’s 50-day moving average price is $61.30 and its 200 day moving average price is $59.21.

ALPS O’Shares U.S. Quality Dividend ETF Company Profile

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.