Sound Equity Dividend Income ETF (NYSE:DIVY – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 461 shares, a drop of 35.3% from the September 30th total of 713 shares. Based on an average daily trading volume, of 2,426 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.
Sound Equity Dividend Income ETF Price Performance
Shares of Sound Equity Dividend Income ETF stock opened at $31.58 on Monday. Sound Equity Dividend Income ETF has a 1-year low of $24.94 and a 1-year high of $31.75. The business has a 50-day moving average of $30.39 and a 200-day moving average of $29.05. The company has a market capitalization of $30.00 million, a PE ratio of 15.13 and a beta of 0.67.
Sound Equity Dividend Income ETF Announces Dividend
The firm also recently declared a dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 29th were issued a $0.0390 dividend. The ex-dividend date of this dividend was Thursday, October 29th. This represents a dividend yield of 298.0%.
About Sound Equity Dividend Income ETF
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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