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

Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) was the target of a significant 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. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 66,000 shares, the days-to-cover ratio is currently 0.5 days.

Defiance Oil Enhanced Options Income ETF Price Performance

Shares of USOY stock opened at $12.63 on Friday. Defiance Oil Enhanced Options Income ETF has a one year low of $11.75 and a one year high of $20.47. The stock has a fifty day moving average price of $13.21 and a 200 day moving average price of $14.22.

Defiance Oil Enhanced Options Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 4th. Stockholders 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.