Short Interest in VanEck Durable High Dividend ETF (BATS:DURA) Rises By 73.9%

VanEck Durable High Dividend ETF (BATS:DURA) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 833 shares, an increase of 73.9% from the June 30th total of 479 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,703 shares, the short-interest ratio is presently 0.5 days.

VanEck Durable High Dividend ETF Trading Down 0.1%

BATS:DURA opened at $38.59 on Friday. The stock has a 50 day simple moving average of $37.88 and a 200 day simple moving average of $37.35. VanEck Durable High Dividend ETF has a 1-year low of $31.35 and a 1-year high of $39.42. The stock has a market cap of $52.10 million, a P/E ratio of 15.63 and a beta of 0.64.

Hedge Funds Weigh In On VanEck Durable High Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in VanEck Durable High Dividend ETF by 82.2% in the fourth quarter. Royal Bank of Canada now owns 59,886 shares of the company’s stock valued at $2,024,000 after buying an additional 27,010 shares during the period. Virtu Financial LLC acquired a new stake in VanEck Durable High Dividend ETF during the third quarter worth approximately $886,000. Bank of America Corp DE increased its holdings in VanEck Durable High Dividend ETF by 7.1% in the third quarter. Bank of America Corp DE now owns 251,195 shares of the company’s stock worth $8,521,000 after purchasing an additional 16,577 shares in the last quarter. Jane Street Group LLC bought a new stake in VanEck Durable High Dividend ETF in the second quarter worth approximately $518,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in VanEck Durable High Dividend ETF in the second quarter valued at approximately $380,000.

About VanEck Durable High Dividend ETF

The VanEck Morningstar Durable Dividend ETF (DURA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a dividend-weighted index of US firms that are screened for dividend yield, financial health, and valuation. DURA was launched on Oct 30, 2018 and is managed by VanEck.