Short Interest in SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) Declines By 45.4%

SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 328 shares, a decrease of 45.4% from the May 14th total of 601 shares. Based on an average daily volume of 1,753 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On SmartETFs Dividend Builder ETF

A hedge fund recently raised its stake in SmartETFs Dividend Builder ETF stock. Flow Traders U.S. LLC lifted its holdings in SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) by 151.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,680 shares of the company’s stock after acquiring an additional 16,067 shares during the period. Flow Traders U.S. LLC owned approximately 2.05% of SmartETFs Dividend Builder ETF worth $830,000 as of its most recent SEC filing.

SmartETFs Dividend Builder ETF Price Performance

DIVS stock traded up $0.08 on Friday, hitting $32.88. 1,057 shares of the company were exchanged, compared to its average volume of 3,130. SmartETFs Dividend Builder ETF has a twelve month low of $29.68 and a twelve month high of $33.46. The business’s fifty day moving average is $32.28 and its two-hundred day moving average is $31.85. The stock has a market capitalization of $41.43 million, a price-to-earnings ratio of 23.34 and a beta of 0.72.

About SmartETFs Dividend Builder ETF

The SmartETFs Dividend Builder ETF (DIVS) is an exchange-traded fund that is based on the MSCI World NR index. The fund is an actively-managed portfolio of dividend-paying companies from both developed and emerging markets. The fund seeks income and consistent dividend growth. DIVS was launched on Mar 30, 2012 and is managed by SmartETFs.