TrueShares Structured Outcome (November) ETF (BATS:NOVZ) Shares Down 0.8% – Here’s What Happened

TrueShares Structured Outcome (November) ETF (BATS:NOVZ)’s share price dropped 0.8% during trading on Thursday . The stock traded as low as $43.83 and last traded at $43.7510. Approximately 619 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 3,620 shares. The stock had previously closed at $44.0979.

TrueShares Structured Outcome (November) ETF Stock Performance

The firm has a market capitalization of $32.38 million, a price-to-earnings ratio of 24.25 and a beta of 0.76. The company has a fifty day moving average of $44.64 and a two-hundred day moving average of $44.24.

TrueShares Structured Outcome (November) ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a dividend of $1.5719 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a dividend yield of 355.0%.

Hedge Funds Weigh In On TrueShares Structured Outcome (November) ETF

An institutional investor recently bought a new position in TrueShares Structured Outcome (November) ETF stock. JPMorgan Chase & Co. acquired a new position in TrueShares Structured Outcome (November) ETF (BATS:NOVZ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,488 shares of the company’s stock, valued at approximately $146,000. JPMorgan Chase & Co. owned approximately 0.47% of TrueShares Structured Outcome (November) ETF as of its most recent SEC filing.

TrueShares Structured Outcome (November) ETF Company Profile

The TrueShares Structured Outcome (November) ETF (NOVZ) is an exchange-traded fund that is based on the S&P 500 Price index. The fund aims for specific buffered losses on the S&P 500 over a specific holdings period with uncapped gains, subject to strategy costs. The actively-managed fund holds options and collateral. NOVZ was launched on Oct 30, 2020 and is managed by TrueShares.