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

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

TrueShares Active Yield ETF Stock Performance

NASDAQ:ERNZ traded up $0.19 during midday trading on Friday, reaching $23.85. 52,519 shares of the stock traded hands, compared to its average volume of 53,459. The stock has a market capitalization of $155.74 million and a P/E ratio of 12.66. The company has a fifty day moving average of $24.30 and a 200 day moving average of $24.69. 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 company also recently disclosed 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 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.