Short Interest in SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) Declines By 45.4%

SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 328 shares, a decrease of 45.4% from the May 14th total of 601 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,753 shares, the days-to-cover ratio is presently 0.2 days.

SmartETFs Dividend Builder ETF Stock Performance

Shares of DIVS stock traded up $0.08 on Friday, hitting $32.88. The stock had a trading volume of 1,057 shares, compared to its average volume of 3,130. The firm has a market capitalization of $41.43 million, a price-to-earnings ratio of 23.34 and a beta of 0.72. The stock’s 50 day moving average is $32.28 and its 200-day moving average is $31.85. SmartETFs Dividend Builder ETF has a 52-week low of $29.68 and a 52-week high of $33.46.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SmartETFs Dividend Builder ETF stock. Flow Traders U.S. LLC raised its stake in shares of SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) by 151.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,680 shares of the company’s stock after acquiring an additional 16,067 shares during the quarter. Flow Traders U.S. LLC owned approximately 2.05% of SmartETFs Dividend Builder ETF worth $830,000 at the end of the most recent quarter.

About SmartETFs Dividend Builder ETF

The SmartETFs Dividend Builder ETF (DIVS) is an exchange-traded fund that is based on the MSCI World NR index. The fund is an actively-managed portfolio of dividend-paying companies from both developed and emerging markets. The fund seeks income and consistent dividend growth. DIVS was launched on Mar 30, 2012 and is managed by SmartETFs.