Royce Quant Small-Cap Quality Value ETF (NASDAQ:SQLV) Sees Large Growth in Short Interest

Royce Quant Small-Cap Quality Value ETF (NASDAQ:SQLV) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 29,982 shares, an increase of 307.9% from the August 31st total of 7,350 shares. Based on an average daily trading volume, of 4,573 shares, the days-to-cover ratio is currently 6.6 days. Approximately 4.0% of the company’s stock are sold short.

Royce Quant Small-Cap Quality Value ETF Stock Performance

SQLV stock opened at $51.49 on Friday. The company’s 50 day moving average price is $53.63 and its 200 day moving average price is $49.97. The firm has a market capitalization of $38.62 million, a price-to-earnings ratio of 12.07 and a beta of 1.00. Royce Quant Small-Cap Quality Value ETF has a fifty-two week low of $39.95 and a fifty-two week high of $55.30.

Royce Quant Small-Cap Quality Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Monday, September 14th were issued a dividend of $0.1520 per share. This is a boost from Royce Quant Small-Cap Quality Value ETF’s previous quarterly dividend of $0.1236. The ex-dividend date was Monday, September 14th. This represents a $0.61 annualized dividend and a yield of 1.2%.

Royce Quant Small-Cap Quality Value ETF Company Profile

The Royce Quant Small-Cap Quality Value ETF (SQLV) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund that uses a multi-factor scoring system to select US small-cap stocks that are weighted based on fundamental composite scores. SQLV was launched on Jul 12, 2017 and is managed by Franklin Templeton.