TrueShares Structured Outcome (January) ETF (BATS:JANZ) Trading Down 1.1% – Should You Sell?

TrueShares Structured Outcome (January) ETF (BATS:JANZ) dropped 1.1% during trading on Friday . The company traded as low as $36.63 and last traded at $36.69. Approximately 4,372 shares were traded during trading, a decline of 48% from the average daily volume of 8,425 shares. The stock had previously closed at $37.10.

TrueShares Structured Outcome (January) ETF Trading Down 1.1%

The firm’s fifty day moving average price is $38.07 and its two-hundred day moving average price is $38.12. The stock has a market capitalization of $24.95 million, a PE ratio of 24.18 and a beta of 0.76.

TrueShares Structured Outcome (January) ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a $0.5414 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a yield of 141.0%.

Institutional Investors Weigh In On TrueShares Structured Outcome (January) ETF

A hedge fund recently raised its stake in TrueShares Structured Outcome (January) ETF stock. JPMorgan Chase & Co. lifted its holdings in TrueShares Structured Outcome (January) ETF (BATS:JANZ) by 111,160.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,126 shares of the company’s stock after purchasing an additional 11,116 shares during the period. JPMorgan Chase & Co. owned about 1.64% of TrueShares Structured Outcome (January) ETF worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

About TrueShares Structured Outcome (January) ETF

The TrueShares Structured Outcome (January) ETF (JANZ) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses on the S&P 500 over a specific holdings period with uncapped gains, subject to strategy costs. The actively-managed fund holds options and collateral. JANZ was launched on Dec 31, 2020 and is managed by TrueShares.