Short Interest in Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) Drops By 77.0%

Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 34,300 shares, a drop of 77.0% from the February 28th total of 149,200 shares. Based on an average daily trading volume, of 66,000 shares, the short-interest ratio is presently 0.5 days. Approximately 2.0% of the company’s shares are short sold.

Defiance Oil Enhanced Options Income ETF Price Performance

NASDAQ:USOY opened at $12.55 on Friday. The business’s 50-day moving average is $13.16 and its two-hundred day moving average is $14.20. Defiance Oil Enhanced Options Income ETF has a 12 month low of $11.75 and a 12 month high of $20.47.

Defiance Oil Enhanced Options Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, March 3rd were given a dividend of $0.706 per share. The ex-dividend date was Monday, March 3rd.

Defiance Oil Enhanced Options Income ETF Company Profile

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.