TrueShares Active Yield ETF (NASDAQ:ERNZ) Short Interest Update

TrueShares Active Yield ETF (NASDAQ:ERNZ) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 6,700 shares, a drop of 23.9% from the February 13th total of 8,800 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 17,100 shares, the days-to-cover ratio is currently 0.4 days.

TrueShares Active Yield ETF Trading Up 0.8 %

ERNZ traded up $0.19 during trading on Monday, reaching $23.44. The stock had a trading volume of 883 shares, compared to its average volume of 51,419. The stock’s 50 day moving average is $24.14 and its two-hundred day moving average is $24.58. The company has a market capitalization of $153.03 million and a price-to-earnings ratio of 10.21. TrueShares Active Yield ETF has a one year low of $22.95 and a one year high of $25.78.

TrueShares Active Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were issued a $0.1775 dividend. The ex-dividend date was Thursday, February 27th. This represents a $2.13 dividend on an annualized basis and a yield of 9.09%.

About TrueShares Active Yield ETF

The TrueShares Active Yield ETF (ERNZ) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to outperform the broader market by investing in a portfolio of 50-150 income-generating securities derived from quantitative and qualitative analysis. ERNZ was launched on Apr 30, 2024 and is issued by Truemark Group.