SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) Sees Large Growth in Short Interest

SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 325 shares, an increase of 146.2% from the June 30th total of 132 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 846 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On SmartETFs Dividend Builder ETF

An institutional investor recently bought a new stake in SmartETFs Dividend Builder ETF stock. Flow Traders U.S. LLC purchased a new stake in SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,613 shares of the company’s stock, valued at approximately $327,000. Flow Traders U.S. LLC owned approximately 0.82% of SmartETFs Dividend Builder ETF as of its most recent SEC filing.

SmartETFs Dividend Builder ETF Stock Down 0.6%

NYSEARCA:DIVS traded down $0.19 on Wednesday, reaching $34.01. The company’s stock had a trading volume of 47 shares, compared to its average volume of 2,747. The firm has a market cap of $42.85 million, a price-to-earnings ratio of 23.34 and a beta of 0.71. SmartETFs Dividend Builder ETF has a 12-month low of $29.68 and a 12-month high of $34.20. The stock has a 50 day moving average price of $32.93 and a 200 day moving average price of $32.29.

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.