Short Interest in Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) Decreases By 84.7%

Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,012 shares, a decline of 84.7% from the April 30th total of 32,686 shares. Based on an average daily trading volume, of 62,179 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Hoya Capital High Dividend Yield ETF Price Performance

Shares of Hoya Capital High Dividend Yield ETF stock traded up $0.02 during trading on Thursday, hitting $9.66. 15,993 shares of the company were exchanged, compared to its average volume of 72,699. The firm has a market capitalization of $104.71 million, a P/E ratio of 15.37 and a beta of 1.04. The firm’s fifty day moving average price is $9.37 and its 200 day moving average price is $9.43. Hoya Capital High Dividend Yield ETF has a 1-year low of $8.75 and a 1-year high of $10.12.

Institutional Trading of Hoya Capital High Dividend Yield ETF

A hedge fund recently raised its stake in Hoya Capital High Dividend Yield ETF stock. Pettee Investors Inc. grew its position in shares of Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,314 shares of the company’s stock after acquiring an additional 7,985 shares during the quarter. Pettee Investors Inc. owned 0.94% of Hoya Capital High Dividend Yield ETF worth $904,000 at the end of the most recent reporting period.

About Hoya Capital High Dividend Yield ETF

The Hoya Capital High Dividend Yield ETF (RIET) is an exchange-traded fund that is based on the Hoya Capital High Dividend Yield index. The fund tracks an index of 100 high-dividend-paying, US-listed common and preferred stocks of REITs and real estate operating companies. RIET was launched on Sep 21, 2021 and is managed by Hoya.