TrueShares Active Yield ETF (NASDAQ:ERNZ) Stock Price Down 0% – What’s Next?

TrueShares Active Yield ETF (NASDAQ:ERNZ)’s share price fell 0% on Thursday . The company traded as low as $21.30 and last traded at $21.31. 12,041 shares were traded during mid-day trading, a decline of 83% from the average session volume of 72,803 shares. The stock had previously closed at $21.32.

TrueShares Active Yield ETF Stock Performance

The firm’s 50-day moving average is $21.43 and its two-hundred day moving average is $21.42. The stock has a market cap of $56.05 million, a P/E ratio of 14.09 and a beta of 0.54.

TrueShares Active Yield ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a dividend of $0.0872 per share. The ex-dividend date was Thursday, February 26th. This is an increase from TrueShares Active Yield ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%.

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.