The Opal International Dividend Income ETF (BATS:IDVZ) Sees Significant Increase in Short Interest

The Opal International Dividend Income ETF (BATS:IDVZ) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 262,985 shares, a growth of 1,399.6% from the June 30th total of 17,537 shares. Currently, 8.9% of the company’s shares are sold short. Based on an average daily trading volume, of 61,394 shares, the short-interest ratio is presently 4.3 days.

Institutional Investors Weigh In On Opal International Dividend Income ETF

A hedge fund recently raised its position in Opal International Dividend Income ETF stock. 49 Wealth Management LLC grew its stake in shares of The Opal International Dividend Income ETF (BATS:IDVZ) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 9.5% of 49 Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. 49 Wealth Management LLC owned about 90.03% of Opal International Dividend Income ETF worth $116,455,000 as of its most recent filing with the Securities and Exchange Commission.

Opal International Dividend Income ETF Price Performance

Shares of BATS:IDVZ traded up $0.15 during mid-day trading on Friday, hitting $34.80. The company had a trading volume of 13,618 shares, compared to its average volume of 21,424. Opal International Dividend Income ETF has a one year low of $27.33 and a one year high of $37.98. The firm has a fifty day moving average price of $34.58 and a 200 day moving average price of $34.22. The company has a market capitalization of $102.66 million and a PE 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.