Short Interest in VanEck Durable High Dividend ETF (BATS:DURA) Drops By 79.0%

VanEck Durable High Dividend ETF (BATS:DURA) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 277 shares, a decrease of 79.0% from the April 30th total of 1,318 shares. Based on an average daily volume of 1,636 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On VanEck Durable High Dividend ETF

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its position in VanEck Durable High Dividend ETF by 7.1% during the third quarter. Bank of America Corp DE now owns 251,195 shares of the company’s stock valued at $8,521,000 after buying an additional 16,577 shares during the period. Envestnet Asset Management Inc. raised its position in VanEck Durable High Dividend ETF by 2.0% during the third quarter. Envestnet Asset Management Inc. now owns 92,651 shares of the company’s stock valued at $3,143,000 after buying an additional 1,784 shares during the period. Royal Bank of Canada raised its position in VanEck Durable High Dividend ETF by 2.8% during the first quarter. Royal Bank of Canada now owns 61,561 shares of the company’s stock valued at $2,304,000 after buying an additional 1,675 shares during the period. Virtu Financial LLC acquired a new position in VanEck Durable High Dividend ETF during the third quarter valued at $886,000. Finally, Osaic Holdings Inc. raised its position in VanEck Durable High Dividend ETF by 7.5% during the second quarter. Osaic Holdings Inc. now owns 21,463 shares of the company’s stock valued at $701,000 after buying an additional 1,492 shares during the period.

VanEck Durable High Dividend ETF Stock Down 0.8%

Shares of BATS DURA opened at $37.78 on Friday. VanEck Durable High Dividend ETF has a 12 month low of $31.35 and a 12 month high of $38.70. The company has a market cap of $51.00 million, a price-to-earnings ratio of 15.63 and a beta of 0.64. The business has a fifty day simple moving average of $37.36 and a 200-day simple moving average of $36.13.

About VanEck Durable High Dividend ETF

The VanEck Morningstar Durable Dividend ETF (DURA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a dividend-weighted index of US firms that are screened for dividend yield, financial health, and valuation. DURA was launched on Oct 30, 2018 and is managed by VanEck.