Sound Equity Dividend Income ETF (NYSE:DIVY) Short Interest Down 35.9% in August

Sound Equity Dividend Income ETF (NYSE:DIVYGet Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 307 shares, a decline of 35.9% from the August 15th total of 479 shares. Based on an average daily volume of 1,842 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Sound Equity Dividend Income ETF

An institutional investor recently bought a new stake in Sound Equity Dividend Income ETF stock. Hilton Head Capital Partners LLC acquired a new stake in Sound Equity Dividend Income ETF (NYSE:DIVYFree Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 1,049 shares of the company’s stock, valued at approximately $29,000. Hilton Head Capital Partners LLC owned approximately 0.10% of Sound Equity Dividend Income ETF at the end of the most recent quarter.

Sound Equity Dividend Income ETF Stock Performance

NYSE DIVY opened at $29.92 on Friday. The business has a 50 day simple moving average of $30.58 and a 200 day simple moving average of $29.02. Sound Equity Dividend Income ETF has a 52-week low of $24.94 and a 52-week high of $31.40. The stock has a market cap of $29.89 million, a price-to-earnings ratio of 15.13 and a beta of 0.66.

Sound Equity Dividend Income ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 15th were issued a $0.039 dividend. This represents a dividend yield of 307.0%. The ex-dividend date was Tuesday, September 15th.

Sound Equity Dividend Income ETF Company Profile

(Get Free Report)

The Sound Equity Income ETF (DIVY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. DIVY was launched on Dec 30, 2020 and is managed by Tidal.

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