Hartford US Value ETF (BATS:VMAX) Short Interest Down 55.0% in May

Hartford US Value ETF (BATS:VMAX) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 18 shares, a decrease of 55.0% from the May 14th total of 40 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 57 shares, the days-to-cover ratio is presently 0.3 days.

Hartford US Value ETF Stock Performance

Shares of VMAX stock opened at $62.29 on Friday. The firm’s 50-day moving average is $59.53 and its 200-day moving average is $57.05. The stock has a market cap of $54.50 million, a price-to-earnings ratio of 13.58 and a beta of 0.79. Hartford US Value ETF has a 52-week low of $48.61 and a 52-week high of $62.29.

Hartford US Value ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Wednesday, March 25th were issued a $0.2465 dividend. This represents a $0.99 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, March 25th.

Hartford US Value ETF Company Profile

The Hartford US Value ETF (VMAX) is an exchange-traded fund that is based on the Hartford US Value index. The fund tracks a multifactor index of US large-cap stocks with favorable value characteristics and comparatively lower market valuations. The index is designed to alleviate the concentration risk inherent in cap-weighted indices. VMAX was launched on Dec 5, 2023 and is issued by The Hartford.