The new ETF’s short positions currently include Amazon (NasdaqGS: AMZN), Bank of America (NYSE: BAC), Netflix (NasdaqGS: NFLX) and Valero (NYSE: VLO).
DIVA’s underlying index “invests in stocks with stable or growing dividends that trade at high yields; to reduce risk the Index shorts stocks in each sector which have unstable or low dividends,” according to QuantShares.
The new ETF features another compelling feature for income investors: A monthly dividend, a trait not feature by many of the largest U.S. dividend ETFs. [Even More Monthly Dividend ETFs]
ETF Trends editorial team contributed to this article.