TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) Sees Significant Increase in Short Interest

TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 304,122 shares, an increase of 562.3% from the June 30th total of 45,921 shares. Based on an average daily trading volume, of 63,136 shares, the short-interest ratio is presently 4.8 days. Approximately 3.9% of the shares of the company are short sold.

TrueShares Low Volatility Equity Income ETF Stock Up 1.1%

Shares of DIVZ traded up $0.42 during mid-day trading on Friday, hitting $39.10. The stock had a trading volume of 17,264 shares, compared to its average volume of 29,688. The company has a market cap of $302.63 million, a PE ratio of 17.36 and a beta of 0.59. The company’s fifty day simple moving average is $37.91 and its two-hundred day simple moving average is $37.72. TrueShares Low Volatility Equity Income ETF has a fifty-two week low of $34.67 and a fifty-two week high of $39.35.

TrueShares Low Volatility Equity Income ETF Company Profile

The TrueShares Low Volatility Equity Income ETF (DIVZ) is an exchange-traded fund that mostly invests in total market equity. The fund holds an actively-managed, concentrated portfolio of US-listed companies that are favorably valued and have attractive dividends. The fund also seeks to deliver lower volatility than the overall market. DIVZ was launched on Jan 27, 2021 and is managed by TrueShares.