ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (NYSEARCA:OUSM) Sees Significant Drop in Short Interest

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (NYSEARCA:OUSM) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 865 shares, a decrease of 71.3% from the August 15th total of 3,013 shares. Based on an average trading volume of 54,278 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Stock Up 0.8%

Shares of NYSEARCA:OUSM traded up $0.39 during trading on Friday, hitting $48.33. The stock had a trading volume of 44,778 shares, compared to its average volume of 67,167. The company has a market capitalization of $877.19 million, a PE ratio of 15.13 and a beta of 0.90. The firm’s fifty day moving average is $48.89 and its 200 day moving average is $46.94. ALPS O’Shares U.S. Small-Cap Quality Dividend ETF has a 12 month low of $42.08 and a 12 month high of $50.36.

Hedge Funds Weigh In On ALPS O’Shares U.S. Small-Cap Quality Dividend ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 8.1% in the second quarter. Ameriprise Financial Inc. now owns 1,641,689 shares of the company’s stock worth $70,934,000 after purchasing an additional 122,578 shares in the last quarter. Triumph Capital Management bought a new stake in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF during the 3rd quarter valued at $48,000. Royal Palms Capital LLC bought a new stake in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF during the 4th quarter valued at $455,000. Arkadios Wealth Advisors purchased a new stake in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF in the 4th quarter worth about $900,000. Finally, Advisory Services Network LLC grew its position in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 20.9% in the 4th quarter. Advisory Services Network LLC now owns 56,410 shares of the company’s stock worth $2,467,000 after buying an additional 9,752 shares during the period.

About ALPS O’Shares U.S. Small-Cap Quality Dividend ETF

The ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Shares (OUSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks weighted for exposure to quality, low volatility, high dividend yield, and dividend quality factors. OUSM was launched on Dec 30, 2016 and is managed by ALPS.