ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (NYSEARCA:OUSM) Sees Significant Drop in Short Interest

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (NYSEARCA:OUSM) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 865 shares, a drop of 71.3% from the August 15th total of 3,013 shares. Based on an average daily trading volume, of 54,278 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its position in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,641,689 shares of the company’s stock valued at $70,934,000 after purchasing an additional 122,578 shares during the last quarter. Triumph Capital Management purchased a new position in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF in the 3rd quarter worth about $48,000. Royal Palms Capital LLC purchased a new position in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF in the 4th quarter worth about $455,000. Arkadios Wealth Advisors purchased a new position in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF in the 4th quarter worth about $900,000. Finally, Advisory Services Network LLC grew its position in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 20.9% during the fourth quarter. Advisory Services Network LLC now owns 56,410 shares of the company’s stock valued at $2,467,000 after buying an additional 9,752 shares during the period.

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Price Performance

Shares of NYSEARCA OUSM traded up $0.39 during midday trading on Friday, reaching $48.33. The company’s stock had a trading volume of 44,778 shares, compared to its average volume of 67,167. The stock has a market capitalization of $877.19 million, a P/E ratio of 15.13 and a beta of 0.90. The firm has a 50 day moving average price of $48.89 and a 200-day moving average price of $46.94. ALPS O’Shares U.S. Small-Cap Quality Dividend ETF has a 12-month low of $42.08 and a 12-month high of $50.36.

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Company Profile

The ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Shares (OUSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks weighted for exposure to quality, low volatility, high dividend yield, and dividend quality factors. OUSM was launched on Dec 30, 2016 and is managed by ALPS.