Defiance Connective Technologies ETF (NASDAQ:UFOX) Shares Shorted: Short Interest Down 36.5% in September

Defiance Connective Technologies ETF (NASDAQ:UFOX) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 11,692 shares, a drop of 36.5% from the September 15th total of 18,400 shares. Based on an average trading volume of 13,733 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s shares are short sold.

Defiance Connective Technologies ETF Price Performance

Defiance Connective Technologies ETF stock opened at $81.04 on Friday. The stock’s 50 day moving average is $84.28 and its 200 day moving average is $86.03. The firm has a market cap of $834.71 million, a P/E ratio of 32.82 and a beta of 1.34. Defiance Connective Technologies ETF has a one year low of $59.50 and a one year high of $106.59.

Defiance Connective Technologies ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 24th. Stockholders of record on Wednesday, September 23rd were paid a $0.0628 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a decrease from Defiance Connective Technologies ETF’s previous dividend of $0.1107.

Institutional Investors Weigh In On Defiance Connective Technologies ETF

A hedge fund recently raised its stake in Defiance Connective Technologies ETF stock. Janney Montgomery Scott LLC boosted its position in Defiance Connective Technologies ETF (NASDAQ:UFOX) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,709 shares of the company’s stock after buying an additional 300 shares during the period. Janney Montgomery Scott LLC owned approximately 0.17% of Defiance Connective Technologies ETF worth $1,207,000 at the end of the most recent quarter.

Defiance Connective Technologies ETF Company Profile

Defiance Connective Technologies ETF (NYSEARCA: UFOX) is an exchange-traded fund offered by Defiance ETFs that provides targeted exposure to companies involved in technologies that enable modern connectivity. The fund is designed to capture businesses that build, operate or support communications networks and the infrastructure that connects people, devices and data. As an ETF, UFOX trades on the NYSE Arca and offers investors a single-security way to gain thematic exposure to the connective-technology space.

Holdings typically span a range of industries and business models, including equipment manufacturers (such as networking hardware, antennas and fiber-optic components), semiconductor and component suppliers, telecommunications and satellite service providers, and software and services firms that support cloud, edge computing, Internet of Things (IoT) deployments and network management.