Short Interest in TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) Increases By 119.3%

TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 23,394 shares, a growth of 119.3% from the August 15th total of 10,667 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 25,115 shares, the days-to-cover ratio is currently 0.9 days.

TrueShares Low Volatility Equity Income ETF Price Performance

Shares of DIVZ opened at $38.02 on Wednesday. TrueShares Low Volatility Equity Income ETF has a one year low of $34.67 and a one year high of $39.67. The company has a market cap of $295.42 million, a PE ratio of 17.36 and a beta of 0.58. The stock has a 50-day moving average of $38.41 and a 200-day moving average of $37.87.

Institutional Investors Weigh In On TrueShares Low Volatility Equity Income ETF

A hedge fund recently bought a new stake in TrueShares Low Volatility Equity Income ETF stock. Highland Investment Advisors LLC acquired a new stake in shares of TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,005 shares of the company’s stock, valued at approximately $38,000.

About TrueShares Low Volatility Equity Income ETF

The TrueShares Low Volatility Equity Income ETF (DIVZ) is an exchange-traded fund that mostly invests in total market equity. The fund holds an actively-managed, concentrated portfolio of US-listed companies that are favorably valued and have attractive dividends. The fund also seeks to deliver lower volatility than the overall market. DIVZ was launched on Jan 27, 2021 and is managed by TrueShares.