Short Interest in The Opal International Dividend Income ETF (BATS:IDVZ) Decreases By 51.2%

The Opal International Dividend Income ETF (BATS:IDVZ) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 26,855 shares, a drop of 51.2% from the May 31st total of 55,049 shares. Based on an average daily trading volume, of 47,753 shares, the short-interest ratio is currently 0.6 days. Approximately 0.9% of the company’s stock are sold short.

Hedge Funds Weigh In On Opal International Dividend Income ETF

An institutional investor recently raised its stake in Opal International Dividend Income ETF stock. 49 Wealth Management LLC increased its position in The Opal International Dividend Income ETF (BATS:IDVZ) by 16.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,664,407 shares of the company’s stock after purchasing an additional 512,079 shares during the period. Opal International Dividend Income ETF makes up approximately 9.5% of 49 Wealth Management LLC’s holdings, making the stock its 4th biggest position. 49 Wealth Management LLC owned 90.03% of Opal International Dividend Income ETF worth $116,455,000 at the end of the most recent reporting period.

Opal International Dividend Income ETF Trading Up 0.5%

Shares of BATS:IDVZ opened at $34.49 on Tuesday. The stock has a fifty day simple moving average of $34.69 and a two-hundred day simple moving average of $33.83. Opal International Dividend Income ETF has a 12-month low of $26.09 and a 12-month high of $37.98. The stock has a market capitalization of $101.75 million and a price-to-earnings ratio of 12.70.

About Opal International Dividend Income ETF

The Opal International Dividend Income ETF (IDVZ) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is actively managed investing in dividend paying companies in the global ex-US space. It aims for capital appreciation and a higher dividend yield compared to the MSCI ACWI ex USA High Dividend Yield Total Return Index IDVZ was launched on Dec 26, 2024 and is issued by OPAL.