SmartETFs Asia Pacific Dividend Builder ETF (NYSEARCA:ADIV) Sees Large Growth in Short Interest

SmartETFs Asia Pacific Dividend Builder ETF (NYSEARCA:ADIV) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,896 shares, an increase of 1,911.1% from the May 14th total of 144 shares. Based on an average daily volume of 5,271 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

SmartETFs Asia Pacific Dividend Builder ETF Price Performance

SmartETFs Asia Pacific Dividend Builder ETF stock traded up $0.02 during trading on Tuesday, reaching $18.82. 6,217 shares of the company were exchanged, compared to its average volume of 18,457. The stock’s 50 day simple moving average is $18.67 and its two-hundred day simple moving average is $18.49. The company has a market capitalization of $54.58 million, a P/E ratio of 12.72 and a beta of 0.62. SmartETFs Asia Pacific Dividend Builder ETF has a 52-week low of $17.00 and a 52-week high of $19.74.

SmartETFs Asia Pacific Dividend Builder ETF Company Profile

The SmartETFs Asia Pacific Dividend Builder ETF (ADIV) is an exchange-traded fund that is based on the MSCI AC Pacific ex-Japan NR index. The fund actively invests in Asia Pacific companies expected to have an increase in dividends over time. ADIV was launched on Mar 31, 2006 and is managed by SmartETFs.