TrueShares Active Yield ETF (NASDAQ:ERNZ) Short Interest Down 23.9% in February

TrueShares Active Yield ETF (NASDAQ:ERNZ) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 6,700 shares, a drop of 23.9% from the February 13th total of 8,800 shares. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

TrueShares Active Yield ETF Price Performance

Shares of ERNZ traded down $0.03 during trading hours on Tuesday, hitting $23.47. The stock had a trading volume of 2,433 shares, compared to its average volume of 51,207. The firm has a 50 day simple moving average of $24.12 and a 200-day simple moving average of $24.56. The firm has a market capitalization of $153.26 million and a P/E ratio of 10.21. TrueShares Active Yield ETF has a 1-year low of $22.95 and a 1-year high of $25.78.

TrueShares Active Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were paid a $0.1775 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.13 annualized dividend and a dividend yield of 9.08%.

TrueShares Active Yield ETF Company Profile

The TrueShares Active Yield ETF (ERNZ) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to outperform the broader market by investing in a portfolio of 50-150 income-generating securities derived from quantitative and qualitative analysis. ERNZ was launched on Apr 30, 2024 and is issued by Truemark Group.