SRH U.S. Quality GARP ETF (NYSEARCA:SRHQ) Sees Significant Decrease in Short Interest

SRH U.S. Quality GARP ETF (NYSEARCA:SRHQ) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,772 shares, a decrease of 32.8% from the August 15th total of 2,638 shares. Based on an average daily volume of 1,333 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.0% of the company’s stock are sold short.

SRH U.S. Quality GARP ETF Trading Down 0.9%

SRH U.S. Quality GARP ETF stock opened at $47.92 on Friday. SRH U.S. Quality GARP ETF has a 1-year low of $37.22 and a 1-year high of $50.36. The firm’s fifty day simple moving average is $48.74 and its 200-day simple moving average is $45.15. The company has a market capitalization of $239.55 million, a P/E ratio of 20.10 and a beta of 0.84.

SRH U.S. Quality GARP ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.0911 per share. This represents a $0.36 annualized dividend and a yield of 0.8%. This is an increase from SRH U.S. Quality GARP ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, June 25th.

About SRH U.S. Quality GARP ETF

The SRH U.S. Quality ETF (SRHQ) is an exchange-traded fund that is based on the SRH US Quality index. The fund tracks an equally weighted index of US large-cap stocks screened based on three fundamental factors: value, growth, and quality. SRHQ was launched on Oct 5, 2022 and is managed by SRH.