SMART Trend 25 ETF (NYSEARCA:STRN) Sees Significant Drop in Short Interest

SMART Trend 25 ETF (NYSEARCA:STRN – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 487 shares, a drop of 60.5% from the August 15th total of 1,232 shares. Based on an average daily volume of 3,553 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

SMART Trend 25 ETF Trading Down 2.0%

Shares of STRN traded down $0.53 during trading hours on Monday, reaching $25.94. 2,686 shares of the company traded hands, compared to its average volume of 12,163. The firm has a market cap of $19.45 million, a price-to-earnings ratio of -518.80 and a beta of -2.08. SMART Trend 25 ETF has a 12-month low of $19.65 and a 12-month high of $29.08. The stock’s fifty day moving average price is $26.55 and its 200 day moving average price is $25.07.

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