WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) Sees Significant Growth in Short Interest

WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 3,752 shares, an increase of 353.1% from the February 26th total of 828 shares. Based on an average trading volume of 922 shares, the days-to-cover ratio is presently 4.1 days. Approximately 3.8% of the shares of the stock are short sold. Approximately 3.8% of the shares of the stock are short sold. Based on an average trading volume of 922 shares, the days-to-cover ratio is presently 4.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WEBs Defined Volatility SPY ETF stock. MML Investors Services LLC purchased a new stake in WEBs Defined Volatility SPY ETF (NASDAQ:DVSP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,663 shares of the company’s stock, valued at approximately $262,000. MML Investors Services LLC owned approximately 9.66% of WEBs Defined Volatility SPY ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

WEBs Defined Volatility SPY ETF Price Performance

Shares of NASDAQ DVSP opened at $25.07 on Wednesday. WEBs Defined Volatility SPY ETF has a twelve month low of $19.26 and a twelve month high of $28.23. The firm has a 50-day moving average of $26.96 and a two-hundred day moving average of $26.96.

WEBs Defined Volatility SPY ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were paid a dividend of $0.0754 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 27.0%.

About WEBs Defined Volatility SPY ETF

The WEBs Defined Volatility SPY ETF (DVSP) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that primarily invests in the SPDR S&P 500 ETF (SPY), while alternately allocating between total return swaps and cash positions for a target annual volatility rate of 20%. DVSP was launched on Dec 16, 2024 and is issued by WEBs.