Short Interest in Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) Expands By 222.4%

Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 24,500 shares, a growth of 222.4% from the May 15th total of 7,600 shares. Based on an average daily volume of 74,900 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the shares of the stock are short sold.

Defiance Oil Enhanced Options Income ETF Trading Up 2.0%

USOY stock opened at $10.10 on Friday. Defiance Oil Enhanced Options Income ETF has a 12 month low of $9.54 and a 12 month high of $19.88. The company’s 50 day simple moving average is $10.18 and its 200-day simple moving average is $12.36.

Defiance Oil Enhanced Options Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, June 2nd were given a dividend of $0.7695 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $9.23 dividend on an annualized basis and a yield of 91.43%. This is a positive change from Defiance Oil Enhanced Options Income ETF’s previous monthly dividend of $0.54.

Defiance Oil Enhanced Options Income ETF Company Profile

The Defiance Oil Enhanced Options Income ETF (USOY) is an exchange-traded fund that mostly invests in crude oil commodities. The fund is an actively managed fund that employs a put options strategy that emphasizes current income while providing exposure to the price of United States Oil Fund (USO). The underlying fund holds short-term futures contracts on WTI crude oil.