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

Defiance Oil Enhanced Options Income ETF (NASDAQ:USOY) saw 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. Currently, 2.0% of the shares of the stock are sold short. Based on an average trading volume of 66,000 shares, the days-to-cover ratio is currently 0.5 days.

Defiance Oil Enhanced Options Income ETF Stock Performance

Shares of NASDAQ:USOY opened at $12.63 on Friday. The company’s fifty day moving average is $13.21 and its 200-day moving average is $14.22. 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 company also recently declared a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, March 3rd were given a $0.706 dividend. 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.