Defiance Connective Technologies ETF (NASDAQ:UFOX) Sees Significant Decrease in Short Interest

Defiance Connective Technologies ETF (NASDAQ:UFOX) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 11,692 shares, a drop of 36.5% from the September 15th total of 18,400 shares. Based on an average daily trading volume, of 13,733 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Defiance Connective Technologies ETF

A hedge fund recently raised its position in Defiance Connective Technologies ETF stock. Janney Montgomery Scott LLC raised its stake in shares of Defiance Connective Technologies ETF (NASDAQ:UFOX) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,709 shares of the company’s stock after purchasing an additional 300 shares during the period. Janney Montgomery Scott LLC owned 0.17% of Defiance Connective Technologies ETF worth $1,207,000 at the end of the most recent quarter.

Defiance Connective Technologies ETF Stock Performance

Shares of NASDAQ UFOX opened at $81.04 on Friday. Defiance Connective Technologies ETF has a 52-week low of $59.50 and a 52-week high of $106.59. The firm has a 50 day moving average price of $84.28 and a two-hundred day moving average price of $86.03. The stock has a market cap of $834.71 million, a P/E ratio of 32.82 and a beta of 1.34.

Defiance Connective Technologies ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 24th. Stockholders of record on Wednesday, September 23rd were issued a dividend of $0.0628 per share. This is a drop from Defiance Connective Technologies ETF’s previous dividend of $0.1107. The ex-dividend date was Wednesday, September 23rd.

About Defiance Connective Technologies ETF

Defiance Connective Technologies ETF (NYSEARCA: UFOX) is an exchange-traded fund offered by Defiance ETFs that provides targeted exposure to companies involved in technologies that enable modern connectivity. The fund is designed to capture businesses that build, operate or support communications networks and the infrastructure that connects people, devices and data. As an ETF, UFOX trades on the NYSE Arca and offers investors a single-security way to gain thematic exposure to the connective-technology space.

Holdings typically span a range of industries and business models, including equipment manufacturers (such as networking hardware, antennas and fiber-optic components), semiconductor and component suppliers, telecommunications and satellite service providers, and software and services firms that support cloud, edge computing, Internet of Things (IoT) deployments and network management.