TrueShares Structured Outcome (November) ETF (BATS:NOVZ) Trading Up 0.8% After Dividend Announcement

TrueShares Structured Outcome (November) ETF (BATS:NOVZ)’s stock price were up 0.8% on Tuesday after the company announced a dividend. The stock traded as high as $45.3205 and last traded at $45.7440. Approximately 114 shares changed hands during trading, a decline of 97% from the average daily volume of 3,620 shares. The stock had previously closed at $45.3607.

The newly announced dividend which will be paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th will be paid a $1.5719 dividend. The ex-dividend date is Wednesday, December 24th. This represents a dividend yield of 344.0%.

TrueShares Structured Outcome (November) ETF Price Performance

The company’s fifty day moving average price is $45.13 and its 200 day moving average price is $43.69. The company has a market cap of $33.85 million, a PE ratio of 24.25 and a beta of 0.76.

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. bought a new position in TrueShares Structured Outcome (November) ETF (BATS:NOVZ) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,488 shares of the company’s stock, valued at approximately $146,000. JPMorgan Chase & Co. owned about 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.