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

WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 5,844 shares, a growth of 205.5% from the October 15th total of 1,913 shares. Approximately 11.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 676 shares, the days-to-cover ratio is presently 8.6 days.

WEBs Defined Volatility SPY ETF Price Performance

WEBs Defined Volatility SPY ETF stock traded down $0.06 during mid-day trading on Thursday, reaching $28.30. 200 shares of the company were exchanged, compared to its average volume of 939. The firm has a market cap of $1.42 million, a PE ratio of 22.79 and a beta of 1.39. The company has a fifty day simple moving average of $29.52 and a 200-day simple moving average of $28.34. WEBs Defined Volatility SPY ETF has a 12 month low of $23.71 and a 12 month high of $30.88.

WEBs Defined Volatility SPY ETF Company Profile

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.