Defiance Connective Technologies ETF (NASDAQ:UFOX) Stock Short Interest Declines 60.6%

Defiance Connective Technologies ETF (NASDAQ:UFOX) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 18,400 shares, a decline of 60.6% from the August 31st total of 46,659 shares. Based on an average daily trading volume, of 36,104 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Defiance Connective Technologies ETF Trading Down 1.5%

Shares of Defiance Connective Technologies ETF stock traded down $1.31 during trading hours on Monday, reaching $85.01. The stock had a trading volume of 2,865 shares, compared to its average volume of 34,009. The stock’s 50 day moving average is $83.06 and its 200 day moving average is $84.36. Defiance Connective Technologies ETF has a twelve month low of $59.50 and a twelve month high of $106.59. The firm has a market capitalization of $879.85 million, a PE ratio of 32.82 and a beta of 1.35.

Defiance Connective Technologies ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 24th. Investors of record on Wednesday, September 23rd were issued a $0.0628 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a negative change from Defiance Connective Technologies ETF’s previous dividend of $0.1107.

Institutional Trading of Defiance Connective Technologies ETF

A hedge fund recently bought a new position in Defiance Connective Technologies ETF stock. Fortune Financial Group Inc. acquired a new stake in Defiance Connective Technologies ETF (NASDAQ:UFOX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,642 shares of the company’s stock, valued at approximately $368,000. Fortune Financial Group Inc. owned approximately 0.05% of Defiance Connective Technologies ETF at the end of the most recent reporting period.

About Defiance Connective Technologies ETF

Defiance Connective Technologies ETF (NYSEARCA: UFOX) is an exchange-traded fund offered by Defiance ETFs that provides targeted exposure to companies involved in technologies that enable modern connectivity. The fund is designed to capture businesses that build, operate or support communications networks and the infrastructure that connects people, devices and data. As an ETF, UFOX trades on the NYSE Arca and offers investors a single-security way to gain thematic exposure to the connective-technology space.

Holdings typically span a range of industries and business models, including equipment manufacturers (such as networking hardware, antennas and fiber-optic components), semiconductor and component suppliers, telecommunications and satellite service providers, and software and services firms that support cloud, edge computing, Internet of Things (IoT) deployments and network management.