Defiance Connective Technologies ETF (NASDAQ:UFOX) Stock Short Interest Drops 36.5%

Defiance Connective Technologies ETF (NASDAQ:UFOX) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 11,692 shares, a drop of 36.5% from the September 15th total of 18,400 shares. Based on an average daily trading volume, of 13,733 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Defiance Connective Technologies ETF stock. Janney Montgomery Scott LLC lifted its position in shares of Defiance Connective Technologies ETF (NASDAQ:UFOX) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,709 shares of the company’s stock after purchasing an additional 300 shares during the period. Janney Montgomery Scott LLC owned 0.17% of Defiance Connective Technologies ETF worth $1,207,000 at the end of the most recent quarter.

Defiance Connective Technologies ETF Trading Down 3.3%

Shares of UFOX opened at $78.34 on Friday. The company has a market cap of $806.90 million, a price-to-earnings ratio of 32.82 and a beta of 1.34. Defiance Connective Technologies ETF has a 1-year low of $59.50 and a 1-year high of $106.59. The company’s fifty day simple moving average is $84.11 and its 200 day simple moving average is $85.98.

Defiance Connective Technologies ETF Cuts Dividend

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

Defiance Connective Technologies ETF Company Profile

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.