Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) Short Interest Update

Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 486,380 shares, an increase of 314.0% from the May 14th total of 117,490 shares. Based on an average trading volume of 546,572 shares, the short-interest ratio is currently 0.9 days. Approximately 5.9% of the company’s stock are sold short.

Defiance Oil Enhanced Options Income ETF Trading Down 1.4%

NASDAQ USOY traded down $0.11 during trading hours on Friday, reaching $7.72. 379,003 shares of the company’s stock traded hands, compared to its average volume of 513,940. Defiance Oil Enhanced Options Income ETF has a 52-week low of $6.39 and a 52-week high of $10.55. The firm has a 50-day simple moving average of $8.60 and a 200 day simple moving average of $7.63.

Defiance Oil Enhanced Options Income ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, June 11th will be given a dividend of $0.0778 per share. The ex-dividend date of this dividend is Thursday, June 11th.

About Defiance Oil Enhanced Options Income ETF

The Defiance Oil Enhanced Options Income ETF (USOY) is an exchange-traded fund that mostly invests in crude oil commodities. The fund is an actively managed fund that employs a put options strategy that emphasizes current income while providing exposure to the price of United States Oil Fund (USO). The underlying fund holds short-term futures contracts on WTI crude oil. USOY was launched on May 9, 2024 and is issued by Defiance.