Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) Sees Significant Decrease in Short Interest

Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 32,000 shares, a decline of 70.7% from the March 31st total of 109,100 shares. Based on an average daily trading volume, of 76,400 shares, the short-interest ratio is currently 0.4 days. Approximately 1.1% of the shares of the company are sold short.

Defiance Oil Enhanced Options Income ETF Stock Performance

USOY stock opened at $10.83 on Tuesday. The business has a 50 day simple moving average of $11.74 and a two-hundred day simple moving average of $13.48. Defiance Oil Enhanced Options Income ETF has a 1-year low of $9.64 and a 1-year high of $20.47.

Defiance Oil Enhanced Options Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, April 1st were paid a dividend of $0.8045 per share. This is a positive change from Defiance Oil Enhanced Options Income ETF’s previous monthly dividend of $0.78. This represents a $9.65 dividend on an annualized basis and a dividend yield of 89.14%. The ex-dividend date was Tuesday, April 1st.

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.