Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) Sees Significant Increase in Short Interest

Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 14,959 shares, an increase of 198.5% from the May 14th total of 5,012 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 62,501 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Hoya Capital High Dividend Yield ETF

An institutional investor recently raised its position in Hoya Capital High Dividend Yield ETF stock. Pettee Investors Inc. grew its position in Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,314 shares of the company’s stock after acquiring an additional 7,985 shares during the quarter. Pettee Investors Inc. owned about 0.94% of Hoya Capital High Dividend Yield ETF worth $904,000 at the end of the most recent reporting period.

Hoya Capital High Dividend Yield ETF Stock Up 0.2%

Shares of NYSEARCA:RIET opened at $9.73 on Friday. Hoya Capital High Dividend Yield ETF has a 52 week low of $8.75 and a 52 week high of $10.12. The stock has a market capitalization of $105.47 million, a P/E ratio of 15.37 and a beta of 1.03. The firm has a fifty day simple moving average of $9.50 and a two-hundred day simple moving average of $9.46.

Hoya Capital High Dividend Yield ETF Company Profile

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.