TrueShares Active Yield ETF (NASDAQ:ERNZ) Trading Down 0.4% – Should You Sell?

TrueShares Active Yield ETF (NASDAQ:ERNZ) shares fell 0.4% during mid-day trading on Thursday . The company traded as low as $21.63 and last traded at $21.6310. 309 shares changed hands during trading, a decline of 97% from the average session volume of 10,155 shares. The stock had previously closed at $21.72.

TrueShares Active Yield ETF Stock Performance

The company has a 50 day moving average of $21.10 and a 200 day moving average of $21.57. The firm has a market cap of $56.89 million, a P/E ratio of 14.09 and a beta of 0.54.

TrueShares Active Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were paid a $0.0803 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Thursday, January 29th.

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.