TrueShares Active Yield ETF (NASDAQ:ERNZ) Raises Dividend to $0.09 Per Share

TrueShares Active Yield ETF (NASDAQ:ERNZ) announced a monthly dividend on Wednesday, February 25th. Investors of record on Thursday, February 26th will be paid a dividend of 0.0872 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Thursday, February 26th. This is a 8.5% increase from TrueShares Active Yield ETF’s previous monthly dividend of $0.08.

TrueShares Active Yield ETF Price Performance

TrueShares Active Yield ETF stock traded down $0.09 during mid-day trading on Thursday, reaching $21.64. 321 shares of the company were exchanged, compared to its average volume of 9,090. The firm has a market cap of $56.90 million, a PE ratio of 14.09 and a beta of 0.54. The company has a fifty day simple moving average of $21.17 and a 200-day simple moving average of $21.55. TrueShares Active Yield ETF has a 12 month low of $20.38 and a 12 month high of $24.60.

About TrueShares Active Yield ETF

The TrueShares Active Yield ETF (ERNZ) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to outperform the broader market by investing in a portfolio of 50-150 income-generating securities derived from quantitative and qualitative analysis. ERNZ was launched on Apr 30, 2024 and is issued by Truemark Group.