Sound Equity Dividend Income ETF (NYSE:DIVY) Shares Shorted: Short Interest Down 35.3% in October

Sound Equity Dividend Income ETF (NYSE:DIVY) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 461 shares, a decline of 35.3% from the September 30th total of 713 shares. Based on an average trading volume of 2,426 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Sound Equity Dividend Income ETF Stock Down 0.5%

Shares of Sound Equity Dividend Income ETF stock traded down $0.17 on Tuesday, hitting $31.53. The stock had a trading volume of 894 shares, compared to its average volume of 2,698. The stock has a market cap of $29.95 million, a price-to-earnings ratio of 15.13 and a beta of 0.67. The business’s 50 day moving average is $30.40 and its two-hundred day moving average is $29.07. Sound Equity Dividend Income ETF has a twelve month low of $24.94 and a twelve month high of $31.76.

Sound Equity Dividend Income ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 29th were given a $0.0390 dividend. This represents a dividend yield of 298.0%. The ex-dividend date of this dividend was Thursday, October 29th.

Sound Equity Dividend Income ETF Company Profile

The Sound Equity Income ETF (DIVY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. DIVY was launched on Dec 30, 2020 and is managed by Tidal.