ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (NYSEARCA:OUSM) Sees Significant Drop in Short Interest

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (NYSEARCA:OUSM) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 2,000 shares, a decrease of 93.7% from the September 30th total of 31,658 shares. Based on an average daily trading volume, of 64,604 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Trading Down 0.8%

OUSM stock traded down $0.40 during mid-day trading on Tuesday, hitting $48.04. The stock had a trading volume of 7,736 shares, compared to its average volume of 64,878. The stock has a market capitalization of $804.65 million, a price-to-earnings ratio of 15.13 and a beta of 0.91. The company has a fifty day moving average of $47.96 and a 200 day moving average of $46.82. ALPS O’Shares U.S. Small-Cap Quality Dividend ETF has a 1-year low of $42.08 and a 1-year high of $50.36.

Institutional Investors Weigh In On ALPS O’Shares U.S. Small-Cap Quality Dividend ETF

Hedge funds have recently modified their holdings of the business. Ascentis Independent Advisors bought a new stake in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF during the first quarter valued at approximately $1,164,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF in the 3rd quarter valued at $319,000. Richardson Capital Management LLC acquired a new stake in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF during the 3rd quarter worth approximately $172,000. Farmers & Merchants Investments Inc. bought a new position in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF during the third quarter worth about $120,000. Finally, CoreCap Advisors LLC grew its holdings in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 1,335.9% during the third quarter. CoreCap Advisors LLC now owns 919 shares of the company’s stock valued at $42,000 after purchasing an additional 855 shares during the period.

About ALPS O’Shares U.S. Small-Cap Quality Dividend ETF

The ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Shares (OUSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks weighted for exposure to quality, low volatility, high dividend yield, and dividend quality factors. OUSM was launched on Dec 30, 2016 and is managed by ALPS.