SmartETFs Asia Pacific Dividend Builder ETF (NYSEARCA:ADIV) Sees Large Increase in Short Interest

SmartETFs Asia Pacific Dividend Builder ETF (NYSEARCA:ADIV) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 10,436 shares, a growth of 343.7% from the August 15th total of 2,352 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 5,707 shares, the days-to-cover ratio is currently 1.8 days.

SmartETFs Asia Pacific Dividend Builder ETF Price Performance

Shares of NYSEARCA ADIV remained flat at $19.72 during midday trading on Friday. The stock had a trading volume of 2,028 shares, compared to its average volume of 13,774. SmartETFs Asia Pacific Dividend Builder ETF has a fifty-two week low of $17.23 and a fifty-two week high of $20.36. The business has a fifty day moving average of $19.56 and a two-hundred day moving average of $18.93. The company has a market cap of $55.22 million, a P/E ratio of 12.72 and a beta of 0.63.

About SmartETFs Asia Pacific Dividend Builder ETF

The SmartETFs Asia Pacific Dividend Builder ETF (ADIV) is an exchange-traded fund that is based on the MSCI AC Pacific ex-Japan NR index. The fund actively invests in Asia Pacific companies expected to have an increase in dividends over time. ADIV was launched on Mar 31, 2006 and is managed by SmartETFs.