TrueShares Active Yield ETF (NASDAQ:ERNZ) Sees Significant Decline in Short Interest

TrueShares Active Yield ETF (NASDAQ:ERNZ) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 6,700 shares, a decline of 23.9% from the February 13th total of 8,800 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 17,100 shares, the days-to-cover ratio is currently 0.4 days.

TrueShares Active Yield ETF Stock Up 0.3 %

ERNZ traded up $0.07 on Wednesday, reaching $23.54. The company’s stock had a trading volume of 108 shares, compared to its average volume of 50,979. The stock has a 50 day moving average of $24.12 and a two-hundred day moving average of $24.56. The company has a market capitalization of $153.74 million and a price-to-earnings ratio of 10.21. TrueShares Active Yield ETF has a fifty-two week low of $22.95 and a fifty-two week high of $25.78.

TrueShares Active Yield ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.1775 per share. This represents a $2.13 annualized dividend and a dividend yield of 9.05%. The ex-dividend date was Thursday, February 27th.

About TrueShares Active Yield ETF

The TrueShares Active Yield ETF (ERNZ) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to outperform the broader market by investing in a portfolio of 50-150 income-generating securities derived from quantitative and qualitative analysis. ERNZ was launched on Apr 30, 2024 and is issued by Truemark Group.