Altrius Global Dividend ETF (NASDAQ:DIVD) Sees Significant Drop in Short Interest

Altrius Global Dividend ETF (NASDAQ:DIVD) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,562 shares, a decrease of 78.8% from the April 30th total of 7,356 shares. Based on an average daily volume of 2,975 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Altrius Global Dividend ETF stock. Altrius Capital Management Inc increased its holdings in shares of Altrius Global Dividend ETF (NASDAQ:DIVD) by 22.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,162 shares of the company’s stock after buying an additional 28,909 shares during the period. Altrius Capital Management Inc owned about 40.83% of Altrius Global Dividend ETF worth $5,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Altrius Global Dividend ETF Trading Down 0.5%

Altrius Global Dividend ETF stock traded down $0.21 during mid-day trading on Friday, hitting $42.46. The company had a trading volume of 708 shares, compared to its average volume of 2,288. Altrius Global Dividend ETF has a 12-month low of $34.56 and a 12-month high of $43.34. The company’s fifty day moving average is $41.94 and its 200-day moving average is $40.60. The company has a market capitalization of $17.41 million, a price-to-earnings ratio of 14.67 and a beta of 0.68.

Altrius Global Dividend ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 28th were given a $0.1964 dividend. The ex-dividend date was Thursday, May 28th. This is a boost from Altrius Global Dividend ETF’s previous dividend of $0.16.

About Altrius Global Dividend ETF

The Altrius Global Dividend ETF Altrius Global Divid ETF (DIVD) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed fund that invests in higher-than-average dividend-paying companies across different countries. Securities are selected for their positive demographics, attractive valuations, and sustainable dividends. DIVD was launched on Sep 30, 2022 and is managed by Alpha Architect.