Short Interest in Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) Increases By 340.4%

Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 315,526 shares, an increase of 340.4% from the June 30th total of 71,644 shares. Based on an average daily volume of 536,721 shares, the short-interest ratio is currently 0.6 days. Approximately 3.5% of the shares of the stock are short sold.

Defiance Oil Enhanced Options Income ETF Price Performance

Defiance Oil Enhanced Options Income ETF stock opened at $7.16 on Tuesday. The stock has a fifty day moving average of $7.49 and a two-hundred day moving average of $7.70. Defiance Oil Enhanced Options Income ETF has a fifty-two week low of $6.35 and a fifty-two week high of $9.58.

Defiance Oil Enhanced Options Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, July 24th. Shareholders of record on Thursday, July 23rd were paid a $0.0702 dividend. The ex-dividend date of this dividend was Thursday, July 23rd. This is a positive change from Defiance Oil Enhanced Options Income ETF’s previous dividend of $0.05.

About Defiance Oil Enhanced Options Income ETF

The Defiance Oil Enhanced Options Income ETF (USOY) is an exchange-traded fund that mostly invests in crude oil commodities. The fund is an actively managed fund that employs a put options strategy that emphasizes current income while providing exposure to the price of United States Oil Fund (USO). The underlying fund holds short-term futures contracts on WTI crude oil. USOY was launched on May 9, 2024 and is issued by Defiance.