Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) Sees Significant Growth in Short Interest

Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 36,611 shares, a growth of 389.3% from the June 15th total of 7,482 shares. Based on an average trading volume of 82,628 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are short sold.

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. lifted its stake in shares of Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,314 shares of the company’s stock after buying an additional 7,985 shares during the quarter. Pettee Investors Inc. owned about 0.94% of Hoya Capital High Dividend Yield ETF worth $904,000 as of its most recent filing with the Securities & Exchange Commission.

Hoya Capital High Dividend Yield ETF Stock Performance

Shares of NYSEARCA:RIET traded up $0.03 during mid-day trading on Friday, reaching $9.75. 111,990 shares of the company’s stock were exchanged, compared to its average volume of 75,689. Hoya Capital High Dividend Yield ETF has a twelve month low of $8.75 and a twelve month high of $10.12. The firm has a market capitalization of $106.86 million, a price-to-earnings ratio of 15.37 and a beta of 1.02. The business’s fifty day moving average price is $9.61 and its 200-day moving average price is $9.50.

About Hoya Capital High Dividend Yield ETF

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.