TrueShares Active Yield ETF (NASDAQ:ERNZ) Short Interest Down 23.9% in February

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

TrueShares Active Yield ETF Trading Down 0.1 %

NASDAQ ERNZ traded down $0.03 during trading hours on Tuesday, hitting $23.47. The company’s stock had a trading volume of 2,433 shares, compared to its average volume of 51,207. TrueShares Active Yield ETF has a 52 week low of $22.95 and a 52 week high of $25.78. The company has a market capitalization of $153.26 million and a PE ratio of 10.21. The company’s 50-day simple moving average is $24.12 and its two-hundred day simple moving average is $24.56.

TrueShares Active Yield ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 27th were given a $0.1775 dividend. The ex-dividend date was Thursday, February 27th. This represents a $2.13 annualized dividend and a yield of 9.08%.

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.