VanEck Durable High Dividend ETF (BATS:DURA) Sees Significant Growth in Short Interest

VanEck Durable High Dividend ETF (BATS:DURA) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 833 shares, a growth of 73.9% from the June 30th total of 479 shares. Based on an average daily trading volume, of 1,703 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are short sold.

VanEck Durable High Dividend ETF Stock Performance

DURA stock opened at $38.59 on Friday. The company has a market capitalization of $52.10 million, a price-to-earnings ratio of 15.63 and a beta of 0.64. The business’s 50 day moving average price is $37.88 and its two-hundred day moving average price is $37.35. VanEck Durable High Dividend ETF has a fifty-two week low of $31.35 and a fifty-two week high of $39.42.

Institutional Trading of VanEck Durable High Dividend ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of VanEck Durable High Dividend ETF by 82.2% during the fourth quarter. Royal Bank of Canada now owns 59,886 shares of the company’s stock valued at $2,024,000 after buying an additional 27,010 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of VanEck Durable High Dividend ETF in the third quarter worth $886,000. Bank of America Corp DE grew its stake in shares of VanEck Durable High Dividend ETF by 7.1% during the 3rd quarter. Bank of America Corp DE now owns 251,195 shares of the company’s stock valued at $8,521,000 after purchasing an additional 16,577 shares during the period. Jane Street Group LLC bought a new stake in VanEck Durable High Dividend ETF during the second quarter valued at approximately $518,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of VanEck Durable High Dividend ETF during the 2nd quarter valued at $380,000.

VanEck Durable High Dividend ETF Company Profile

The VanEck Morningstar Durable Dividend ETF (DURA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a dividend-weighted index of US firms that are screened for dividend yield, financial health, and valuation. DURA was launched on Oct 30, 2018 and is managed by VanEck.