TrueShares Structured Outcome (May) ETF (BATS:MAYZ) Trading Up 11.9% Following Dividend Announcement

Shares of TrueShares Structured Outcome (May) ETF (BATS:MAYZ) were up 11.9% on Tuesday after the company announced a dividend. The company traded as high as $30.5181 and last traded at $34.4550. Approximately 16 shares were traded during trading, a decline of 99% from the average daily volume of 2,403 shares. The stock had previously closed at $30.8034.

The newly announced dividend which will be paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th will be given a dividend of $0.7203 per share. This represents a yield of 213.0%. The ex-dividend date of this dividend is Wednesday, December 24th.

TrueShares Structured Outcome (May) ETF Price Performance

The company has a market capitalization of $9.46 million, a P/E ratio of 25.67 and a beta of 0.71. The company has a fifty day simple moving average of $33.98 and a two-hundred day simple moving average of $32.88.

TrueShares Structured Outcome (May) ETF Company Profile

The TrueShares Structured Outcome (May) ETF (MAYZ) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses on the S&P 500 over a specific holdings period with uncapped gains, subject to strategy costs. The actively-managed fund holds options and collateral. MAYZ was launched on Apr 30, 2021 and is managed by TrueShares.