Short Interest in Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) Drops By 69.4%

Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 34,178 shares, a decline of 69.4% from the July 15th total of 111,514 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 95,651 shares, the short-interest ratio is currently 0.4 days.

Hoya Capital High Dividend Yield ETF Stock Performance

NYSEARCA:RIET opened at $9.56 on Friday. Hoya Capital High Dividend Yield ETF has a 1 year low of $8.75 and a 1 year high of $10.12. The stock has a market cap of $108.12 million, a P/E ratio of 15.37 and a beta of 1.02. The stock has a 50-day simple moving average of $9.67 and a 200-day simple moving average of $9.53.

Hedge Funds Weigh In On Hoya Capital High Dividend Yield ETF

A hedge fund recently raised its stake in Hoya Capital High Dividend Yield ETF stock. Pettee Investors Inc. raised its stake in Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,314 shares of the company’s stock after purchasing an additional 7,985 shares during the period. Pettee Investors Inc. owned 0.94% of Hoya Capital High Dividend Yield ETF worth $904,000 as of its most recent SEC filing.

About Hoya Capital High Dividend Yield ETF

The Hoya Capital High Dividend Yield ETF (RIET) is an exchange-traded fund that is based on the Hoya Capital High Dividend Yield index. The fund tracks an index of 100 high-dividend-paying, US-listed common and preferred stocks of REITs and real estate operating companies. RIET was launched on Sep 21, 2021 and is managed by Hoya.