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

TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 65,756 shares, a growth of 148.2% from the April 30th total of 26,490 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 21,017 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Investors Weigh In On TrueShares Low Volatility Equity Income ETF

A hedge fund recently raised its stake in TrueShares Low Volatility Equity Income ETF stock. 49 Wealth Management LLC lifted its position in shares of TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) by 9.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,340,018 shares of the company’s stock after purchasing an additional 284,896 shares during the quarter. TrueShares Low Volatility Equity Income ETF accounts for 11.6% of 49 Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. 49 Wealth Management LLC owned 58.70% of TrueShares Low Volatility Equity Income ETF worth $121,528,000 at the end of the most recent quarter.

TrueShares Low Volatility Equity Income ETF Price Performance

DIVZ stock opened at $37.01 on Tuesday. The stock has a market capitalization of $235.01 million, a price-to-earnings ratio of 17.36 and a beta of 0.60. TrueShares Low Volatility Equity Income ETF has a fifty-two week low of $34.17 and a fifty-two week high of $39.35. The business’s fifty day moving average price is $37.36 and its two-hundred day moving average price is $37.26.

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.