TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) Sees Significant Growth in Short Interest

TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 304,122 shares, an increase of 562.3% from the June 30th total of 45,921 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily volume of 63,136 shares, the days-to-cover ratio is presently 4.8 days.

TrueShares Low Volatility Equity Income ETF Stock Performance

Shares of DIVZ traded up $0.42 during midday trading on Friday, hitting $39.10. 17,264 shares of the company traded hands, compared to its average volume of 29,688. The firm has a 50 day moving average of $37.91 and a 200-day moving average of $37.72. TrueShares Low Volatility Equity Income ETF has a 52 week low of $34.67 and a 52 week high of $39.35. The stock has a market cap of $302.63 million, a price-to-earnings ratio of 17.36 and a beta of 0.59.

TrueShares Low Volatility Equity Income ETF Company Profile

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.