Siren DIVCON Leaders Dividend ETF (BATS:LEAD) Short Interest Up 1,250.0% in June

Siren DIVCON Leaders Dividend ETF (BATS:LEAD) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 702 shares, an increase of 1,250.0% from the June 15th total of 52 shares. Based on an average daily volume of 1,044 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEAD. Kestra Advisory Services LLC purchased a new stake in shares of Siren DIVCON Leaders Dividend ETF in the 4th quarter valued at approximately $78,000. Flow Traders U.S. LLC purchased a new stake in shares of Siren DIVCON Leaders Dividend ETF during the 3rd quarter worth $283,000. Western Wealth Management LLC grew its stake in shares of Siren DIVCON Leaders Dividend ETF by 11.6% during the fourth quarter. Western Wealth Management LLC now owns 5,204 shares of the company’s stock worth $397,000 after purchasing an additional 543 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Siren DIVCON Leaders Dividend ETF during the third quarter worth $452,000. Finally, Osaic Holdings Inc. grew its stake in shares of Siren DIVCON Leaders Dividend ETF by 2.8% during the second quarter. Osaic Holdings Inc. now owns 7,607 shares of the company’s stock worth $547,000 after purchasing an additional 206 shares in the last quarter.

Siren DIVCON Leaders Dividend ETF Price Performance

Shares of LEAD remained flat at $85.88 during midday trading on Friday. The stock had a trading volume of 3,930 shares, compared to its average volume of 1,938. The company has a 50-day moving average price of $86.88 and a 200-day moving average price of $82.23. The firm has a market capitalization of $73.00 million, a price-to-earnings ratio of 26.63 and a beta of 1.00. Siren DIVCON Leaders Dividend ETF has a fifty-two week low of $71.39 and a fifty-two week high of $91.65.

Siren DIVCON Leaders Dividend ETF Company Profile

The Siren DIVCON Leaders Dividend ETF (LEAD) is an exchange-traded fund that is based on the Siren DIVCON Leaders Dividend index. The fund tracks an index of dividend-paying US large-cap stocks that are deemed likely to increase their dividends in the next twelve months. LEAD was launched on Jan 6, 2016 and is managed by Siren.