Short Interest in Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) Declines By 84.7%

Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 5,012 shares, a drop of 84.7% from the April 30th total of 32,686 shares. Based on an average trading volume of 62,179 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Hoya Capital High Dividend Yield ETF

An institutional investor recently raised its position in Hoya Capital High Dividend Yield ETF stock. Pettee Investors Inc. raised its holdings in Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) by 18.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,329 shares of the company’s stock after buying an additional 14,196 shares during the quarter. Pettee Investors Inc. owned about 0.88% of Hoya Capital High Dividend Yield ETF worth $860,000 at the end of the most recent quarter.

Hoya Capital High Dividend Yield ETF Trading Down 0.2%

Shares of RIET stock traded down $0.02 during trading hours on Friday, reaching $9.63. The company’s stock had a trading volume of 55,520 shares, compared to its average volume of 73,002. The stock has a market capitalization of $104.39 million, a P/E ratio of 15.37 and a beta of 1.04. Hoya Capital High Dividend Yield ETF has a one year low of $8.75 and a one year high of $10.12. The firm’s fifty day simple moving average is $9.38 and its 200 day simple moving average is $9.43.

Hoya Capital High Dividend Yield ETF Company Profile

The Hoya Capital High Dividend Yield ETF (RIET) is an exchange-traded fund that is based on the Hoya Capital High Dividend Yield index. The fund tracks an index of 100 high-dividend-paying, US-listed common and preferred stocks of REITs and real estate operating companies. RIET was launched on Sep 21, 2021 and is managed by Hoya.