The Opal International Dividend Income ETF (BATS:IDVZ) Sees Significant Increase in Short Interest

The Opal International Dividend Income ETF (BATS:IDVZ) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 262,985 shares, a growth of 1,399.6% from the June 30th total of 17,537 shares. Currently, 8.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 61,394 shares, the days-to-cover ratio is currently 4.3 days.

Opal International Dividend Income ETF Stock Up 0.4%

Opal International Dividend Income ETF stock opened at $34.80 on Friday. The firm has a market capitalization of $102.66 million and a PE ratio of 12.70. Opal International Dividend Income ETF has a 52 week low of $27.33 and a 52 week high of $37.98. The firm’s 50-day simple moving average is $34.59 and its 200 day simple moving average is $34.22.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Opal International Dividend Income ETF stock. 49 Wealth Management LLC raised its stake in shares of The Opal International Dividend Income ETF (BATS:IDVZ) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,664,407 shares of the company’s stock after buying an additional 512,079 shares during the quarter. Opal International Dividend Income ETF comprises about 9.5% of 49 Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position. 49 Wealth Management LLC owned about 90.03% of Opal International Dividend Income ETF worth $116,455,000 as of its most recent filing with the SEC.

Opal International Dividend Income ETF Company Profile

The Opal International Dividend Income ETF (IDVZ) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is actively managed investing in dividend paying companies in the global ex-US space. It aims for capital appreciation and a higher dividend yield compared to the MSCI ACWI ex USA High Dividend Yield Total Return Index IDVZ was launched on Dec 26, 2024 and is issued by OPAL.