TrueShares Active Yield ETF (NASDAQ:ERNZ) Sees Large Drop in Short Interest

TrueShares Active Yield ETF (NASDAQ:ERNZ) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 4,300 shares, a drop of 35.8% from the February 28th total of 6,700 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 15,700 shares, the short-interest ratio is currently 0.3 days.

TrueShares Active Yield ETF Stock Performance

Shares of ERNZ stock traded down $0.20 during mid-day trading on Friday, reaching $22.94. 20,013 shares of the company’s stock traded hands, compared to its average volume of 49,623. The firm has a 50 day moving average price of $23.99 and a two-hundred day moving average price of $24.49. TrueShares Active Yield ETF has a 12 month low of $22.93 and a 12 month high of $25.78. The firm has a market capitalization of $149.80 million and a PE ratio of 10.21.

TrueShares Active Yield ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Thursday, March 27th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, March 27th. This is an increase from TrueShares Active Yield ETF’s previous dividend of $0.13.

TrueShares Active Yield ETF Company Profile

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.