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

TrueShares Active Yield ETF (NASDAQ:ERNZ) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 8,800 shares, an increase of 125.6% from the January 31st total of 3,900 shares. Based on an average trading volume of 16,800 shares, the days-to-cover ratio is presently 0.5 days.

TrueShares Active Yield ETF Stock Performance

Shares of ERNZ traded up $0.19 during trading hours on Friday, hitting $23.85. 52,519 shares of the stock were exchanged, compared to its average volume of 53,459. The stock’s 50-day moving average price is $24.30 and its two-hundred day moving average price is $24.69. The company has a market cap of $155.74 million and a price-to-earnings ratio of 12.66. TrueShares Active Yield ETF has a 12-month low of $23.65 and a 12-month high of $25.78.

TrueShares Active Yield ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were given a $0.1775 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 8.93%. The ex-dividend date was Thursday, February 27th.

TrueShares Active Yield ETF Company Profile

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.