Dimensional US High Profitability ETF (NYSEARCA:DUHP) Sees Large Decrease in Short Interest

Dimensional US High Profitability ETF (NYSEARCA:DUHP) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 157,910 shares, a decline of 43.4% from the August 31st total of 278,915 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 695,718 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Dimensional US High Profitability ETF

Several institutional investors and hedge funds have recently modified their holdings of DUHP. Legacy Financial Group Inc. boosted its stake in shares of Dimensional US High Profitability ETF by 2.6% during the 1st quarter. Legacy Financial Group Inc. now owns 500,768 shares of the company’s stock worth $18,408,000 after acquiring an additional 12,875 shares during the last quarter. Greenspring Advisors LLC purchased a new position in Dimensional US High Profitability ETF in the 4th quarter worth approximately $42,190,000. BDFS Capital LLC bought a new position in Dimensional US High Profitability ETF in the 4th quarter worth approximately $3,835,000. TRU Independence Asset Management 2 LLC boosted its position in shares of Dimensional US High Profitability ETF by 16.4% during the fourth quarter. TRU Independence Asset Management 2 LLC now owns 106,954 shares of the company’s stock worth $4,067,000 after acquiring an additional 15,039 shares during the last quarter. Finally, TCI Wealth Advisors Inc. grew its position in shares of Dimensional US High Profitability ETF by 14.8% during the first quarter. TCI Wealth Advisors Inc. now owns 2,516,301 shares of the company’s stock valued at $92,499,000 after purchasing an additional 323,617 shares in the last quarter.

Dimensional US High Profitability ETF Price Performance

DUHP stock traded down $0.26 during midday trading on Wednesday, hitting $41.91. The stock had a trading volume of 1,050,510 shares, compared to its average volume of 1,095,635. The business has a 50-day moving average of $42.07 and a two-hundred day moving average of $40.55. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 24.91 and a beta of 0.94. Dimensional US High Profitability ETF has a 52-week low of $35.69 and a 52-week high of $42.90.

About Dimensional US High Profitability ETF

The Dimensional US High Profitability ETF (DUHP) is an exchange-traded fund that mostly invests in large cap equity. The fund invests in a broad and diverse group of large-cap US stocks actively selected based on perceived higher profitability relative to other US large-cap companies. DUHP was launched on Feb 23, 2022 and is managed by Dimensional.