Vident U.S. Bond Strategy ETF (NYSEARCA:VBND) Sees Significant Decline in Short Interest

Vident U.S. Bond Strategy ETF (NYSEARCA:VBND) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 9,695 shares, a drop of 35.8% from the September 30th total of 15,095 shares. Based on an average trading volume of 49,420 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Vident U.S. Bond Strategy ETF Price Performance

Shares of NYSEARCA VBND opened at $42.38 on Monday. Vident U.S. Bond Strategy ETF has a 1 year low of $41.34 and a 1 year high of $44.83. The firm has a 50-day moving average of $42.21 and a 200 day moving average of $43.28.

Vident U.S. Bond Strategy ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 20th were issued a $0.1714 dividend. This represents a $2.06 annualized dividend and a yield of 4.9%. This is a negative change from Vident U.S. Bond Strategy ETF’s previous monthly dividend of $0.1734. The ex-dividend date of this dividend was Tuesday, October 20th.

Vident U.S. Bond Strategy ETF Company Profile

The Vident Core U.S. Bond Strategy ETF (VBND) is an exchange-traded fund that is based on the Vident Core U.S. Bond index. The fund tracks a multi-factor-weighted USD bond index that is based on sector tail risk, security valuation, and issuer corporate governance. VBND was launched on Oct 16, 2014 and is managed by Vident.