Defiance S&P 500 Enhanced Options & 0DTE Income ETF (NYSEARCA:WDTE) Sees Large Growth in Short Interest

Defiance S&P 500 Enhanced Options & 0DTE Income ETF (NYSEARCA:WDTE) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 31,077 shares, a growth of 87.2% from the February 26th total of 16,605 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,067 shares, the days-to-cover ratio is presently 1.5 days.

Defiance S&P 500 Enhanced Options & 0DTE Income ETF Price Performance

Defiance S&P 500 Enhanced Options & 0DTE Income ETF stock traded down $0.62 during mid-day trading on Thursday, reaching $28.27. 14,878 shares of the company were exchanged, compared to its average volume of 20,617. The company has a fifty day simple moving average of $30.54 and a 200-day simple moving average of $32.02. Defiance S&P 500 Enhanced Options & 0DTE Income ETF has a 12 month low of $28.27 and a 12 month high of $35.69.

Defiance S&P 500 Enhanced Options & 0DTE Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were issued a dividend of $0.1844 per share. This represents a dividend yield of 3,013.0%. The ex-dividend date of this dividend was Thursday, February 26th.

Defiance S&P 500 Enhanced Options & 0DTE Income ETF Company Profile

The Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that seeks to provide enhanced monthly income by placing bullish bets on the S&P 500 Index through a 0DTE put option writing strategy. The secondary objective of the fund is to seek limited exposure to the performance of the index. WDTE was launched on Sep 18, 2023 and is issued by Defiance.