WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) Sees Large Increase in Short Interest

WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 4,027 shares, an increase of 355.5% from the May 31st total of 884 shares. Currently, 6.7% of the shares of the stock are sold short. Based on an average daily volume of 1,536 shares, the days-to-cover ratio is presently 2.6 days.

WEBs Defined Volatility SPY ETF Price Performance

NASDAQ:DVSP traded up $0.03 on Friday, reaching $28.25. The stock had a trading volume of 279 shares, compared to its average volume of 853. WEBs Defined Volatility SPY ETF has a 12-month low of $23.20 and a 12-month high of $30.19. The firm’s fifty day moving average is $28.42 and its two-hundred day moving average is $27.37.

Institutional Trading of WEBs Defined Volatility SPY ETF

An institutional investor recently bought a new position in WEBs Defined Volatility SPY ETF stock. MML Investors Services LLC purchased a new stake in WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 9,663 shares of the company’s stock, valued at approximately $262,000. MML Investors Services LLC owned about 9.66% of WEBs Defined Volatility SPY ETF as of its most recent filing with the SEC.

About WEBs Defined Volatility SPY ETF

The WEBs Defined Volatility SPY ETF (DVSP) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that primarily invests in the SPDR S&P 500 ETF (SPY), while alternately allocating between total return swaps and cash positions for a target annual volatility rate of 20%. DVSP was launched on Dec 16, 2024 and is issued by WEBs.