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 significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 14,959 shares, an increase of 198.5% from the May 14th total of 5,012 shares. Based on an average daily trading volume, of 62,501 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Hoya Capital High Dividend Yield ETF Stock Up 0.2%

RIET traded up $0.02 during trading on Friday, hitting $9.75. 74,868 shares of the company’s stock were exchanged, compared to its average volume of 74,105. The business’s 50 day moving average is $9.51 and its two-hundred day moving average is $9.46. Hoya Capital High Dividend Yield ETF has a fifty-two week low of $8.75 and a fifty-two week high of $10.12. The stock has a market cap of $105.69 million, a P/E ratio of 15.37 and a beta of 1.03.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hoya Capital High Dividend Yield ETF stock. Pettee Investors Inc. boosted its holdings in shares of Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,314 shares of the company’s stock after buying an additional 7,985 shares during the period. Pettee Investors Inc. owned approximately 0.94% of Hoya Capital High Dividend Yield ETF worth $904,000 as of its most recent SEC filing.

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.