WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) Short Interest Up 10,950.0% in May

WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 884 shares, an increase of 10,950.0% from the May 14th total of 8 shares. Based on an average trading volume of 631 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WEBs Defined Volatility SPY ETF stock. MML Investors Services LLC purchased a new position in shares of WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,663 shares of the company’s stock, valued at approximately $262,000. MML Investors Services LLC owned approximately 9.66% of WEBs Defined Volatility SPY ETF at the end of the most recent reporting period.

WEBs Defined Volatility SPY ETF Stock Performance

Shares of NASDAQ:DVSP traded down $0.15 on Tuesday, reaching $28.38. 253 shares of the company were exchanged, compared to its average volume of 753. The company has a 50-day moving average of $27.48 and a 200-day moving average of $27.20. WEBs Defined Volatility SPY ETF has a 1-year low of $21.91 and a 1-year high of $30.19.

About WEBs Defined Volatility SPY ETF

The WEBs Defined Volatility SPY ETF (DVSP) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that primarily invests in the SPDR S&P 500 ETF (SPY), while alternately allocating between total return swaps and cash positions for a target annual volatility rate of 20%. DVSP was launched on Dec 16, 2024 and is issued by WEBs.