Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) Sees Large Drop in Short Interest

Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 34,300 shares, a decrease of 77.0% from the February 28th total of 149,200 shares. Based on an average trading volume of 66,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 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 company has a 50 day simple moving average of $13.16 and a 200-day simple moving average of $14.20. Defiance Oil Enhanced Options Income ETF has a 52-week low of $11.75 and a 52-week high of $20.47.

Defiance Oil Enhanced Options Income ETF Cuts Dividend

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