Short Interest in Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) Expands By 198.5%

Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 14,959 shares, an increase of 198.5% from the May 14th total of 5,012 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 62,501 shares, the short-interest ratio is presently 0.2 days.

Hoya Capital High Dividend Yield ETF Stock Performance

NYSEARCA RIET opened at $9.73 on Friday. The stock has a market capitalization of $105.47 million, a price-to-earnings ratio of 15.37 and a beta of 1.03. The stock’s 50 day moving average price is $9.50 and its two-hundred day moving average price is $9.46. Hoya Capital High Dividend Yield ETF has a 52 week low of $8.75 and a 52 week high of $10.12.

Institutional Investors Weigh In On Hoya Capital High Dividend Yield ETF

An institutional investor recently raised its position in Hoya Capital High Dividend Yield ETF stock. Pettee Investors Inc. raised its holdings in Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,314 shares of the company’s stock after buying an additional 7,985 shares during the period. Pettee Investors Inc. owned 0.94% of Hoya Capital High Dividend Yield ETF worth $904,000 at the end of the most recent reporting period.

Hoya Capital High Dividend Yield ETF Company Profile

The Hoya Capital High Dividend Yield ETF (RIET) is an exchange-traded fund that is based on the Hoya Capital High Dividend Yield index. The fund tracks an index of 100 high-dividend-paying, US-listed common and preferred stocks of REITs and real estate operating companies. RIET was launched on Sep 21, 2021 and is managed by Hoya.