TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) Sees Significant Increase in Short Interest

TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 304,122 shares, a growth of 562.3% from the June 30th total of 45,921 shares. Approximately 3.9% of the company’s stock are short sold. Based on an average daily volume of 63,136 shares, the short-interest ratio is currently 4.8 days.

TrueShares Low Volatility Equity Income ETF Stock Performance

Shares of DIVZ stock traded up $0.42 on Friday, hitting $39.10. The stock had a trading volume of 17,264 shares, compared to its average volume of 29,688. The stock’s 50 day moving average is $37.91 and its 200-day moving average is $37.72. The firm has a market capitalization of $302.63 million, a price-to-earnings ratio of 17.36 and a beta of 0.59. TrueShares Low Volatility Equity Income ETF has a 52-week low of $34.67 and a 52-week high of $39.35.

About TrueShares Low Volatility Equity Income ETF

The TrueShares Low Volatility Equity Income ETF (DIVZ) is an exchange-traded fund that mostly invests in total market equity. The fund holds an actively-managed, concentrated portfolio of US-listed companies that are favorably valued and have attractive dividends. The fund also seeks to deliver lower volatility than the overall market. DIVZ was launched on Jan 27, 2021 and is managed by TrueShares.