TrueShares Structured Outcome (November) ETF (BATS:NOVZ) Stock Price Up 0.8% After Dividend Announcement

Shares of TrueShares Structured Outcome (November) ETF (BATS:NOVZ) shot up 0.8% during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $45.3205 and last traded at $45.7440. 114 shares changed hands during trading, a decline of 97% from the average session volume of 3,620 shares. The stock had previously closed at $45.3607.

The newly announced dividend which will be paid on Friday, December 26th. Investors of record on Wednesday, December 24th will be issued a $1.5719 dividend. This represents a yield of 344.0%. The ex-dividend date is Wednesday, December 24th.

TrueShares Structured Outcome (November) ETF Price Performance

The business’s 50 day simple moving average is $45.13 and its 200-day simple moving average is $43.69. The stock has a market capitalization of $33.85 million, a P/E ratio of 24.25 and a beta of 0.76.

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

A hedge fund recently bought a new stake in TrueShares Structured Outcome (November) ETF stock. OLD Mission Capital LLC bought a new stake in TrueShares Structured Outcome (November) ETF (BATS:NOVZ) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,092 shares of the company’s stock, valued at approximately $625,000. OLD Mission Capital LLC owned approximately 2.51% of TrueShares Structured Outcome (November) ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About TrueShares Structured Outcome (November) ETF

The TrueShares Structured Outcome (November) ETF (NOVZ) is an exchange-traded fund that is based on the S&P 500 Price index. 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. NOVZ was launched on Oct 30, 2020 and is managed by TrueShares.