ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) Sees Significant Drop in Short Interest

ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 1,363 shares, a decrease of 88.4% from the October 15th total of 11,786 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 19,629 shares, the days-to-cover ratio is currently 0.1 days.

ALPS O’Shares U.S. Quality Dividend ETF Stock Performance

Shares of NYSEARCA OUSA traded up $0.19 during mid-day trading on Wednesday, reaching $64.63. The company had a trading volume of 12,788 shares, compared to its average volume of 25,833. The business’s 50-day simple moving average is $61.56 and its 200 day simple moving average is $59.44. ALPS O’Shares U.S. Quality Dividend ETF has a one year low of $54.59 and a one year high of $65.68. The firm has a market cap of $752.94 million, a price-to-earnings ratio of 22.27 and a beta of 0.72.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbour Investments Inc. bought a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF in the 3rd quarter worth about $247,000. Kingswood Wealth Advisors LLC bought a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF during the third quarter valued at approximately $295,000. Wedbush Securities Inc. bought a new stake in ALPS O’Shares U.S. Quality Dividend ETF during the 3rd quarter valued at $539,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ALPS O’Shares U.S. Quality Dividend ETF during the third quarter worth $578,000. Finally, Allied Private Wealth LLC purchased a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF during the second quarter valued at approximately $120,000.

About ALPS O’Shares U.S. Quality Dividend ETF

The ALPS O’Shares U.S. Quality Dividend ETF Shares (OUSA) is an exchange-traded fund that is based on the O’Shares US Quality Dividend index. The fund selects and weights large-cap US stocks based on four factors: high quality, low volatility, high dividend yield, and dividend quality. OUSA was launched on Jul 14, 2015 and is managed by ALPS.