Short Interest in TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) Increases By 148.2%

TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 65,756 shares, an increase of 148.2% from the April 30th total of 26,490 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 21,017 shares, the short-interest ratio is presently 3.1 days.

TrueShares Low Volatility Equity Income ETF Trading Down 1.1%

Shares of TrueShares Low Volatility Equity Income ETF stock opened at $37.36 on Friday. The firm’s 50 day simple moving average is $37.36 and its two-hundred day simple moving average is $37.24. The firm has a market capitalization of $237.24 million, a price-to-earnings ratio of 17.36 and a beta of 0.60. TrueShares Low Volatility Equity Income ETF has a 12-month low of $33.81 and a 12-month high of $39.35.

Hedge Funds Weigh In On TrueShares Low Volatility Equity Income ETF

An institutional investor recently raised its position in TrueShares Low Volatility Equity Income ETF stock. 49 Wealth Management LLC increased its position in TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) by 9.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,340,018 shares of the company’s stock after acquiring an additional 284,896 shares during the period. TrueShares Low Volatility Equity Income ETF makes up about 11.6% of 49 Wealth Management LLC’s portfolio, making the stock its 3rd biggest holding. 49 Wealth Management LLC owned about 58.70% of TrueShares Low Volatility Equity Income ETF worth $121,528,000 at the end of the most recent reporting period.

TrueShares Low Volatility Equity Income ETF Company Profile

The TrueShares Low Volatility Equity Income ETF (DIVZ) is an exchange-traded fund that mostly invests in total market equity. The fund holds an actively-managed, concentrated portfolio of US-listed companies that are favorably valued and have attractive dividends. The fund also seeks to deliver lower volatility than the overall market. DIVZ was launched on Jan 27, 2021 and is managed by TrueShares.