OUSA Stock Summary and Trading Ideas (Alps O'Shares U.S. Quality Dividend ETF | ARCA:OUSA)

The Fund seeks to track the performance (before fees and expenses) of its target index, the ALPS OShares U.S. Quality Dividend Index (the Target Index ). The Target Index is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization dividend-paying issuers in the United States that meet certain market capitalization, liquidity, high quality, low volatility and dividend yield threshold. The high quality and low volatility requirements are designed to reduce exposure to high dividend equities that have experienced large price declines.

Alps O'Shares U.S. Quality Dividend ETF trades on the ARCA stock market under the symbol OUSA.

As of May 6, 2024, OUSA stock price climbed to $47.73 with 17,088 million shares trading.

OUSA has a beta of 0.81, meaning it tends to be less sensitive to market movements. OUSA has a correlation of 0.83 to the broad based SPY ETF.

OUSA has a market cap of $730.27 million. This is considered a Small Cap stock.

In the last 3 years, OUSA stock traded as high as $49.49 and as low as $36.27.

OUSA has underperformed the market in the last year with a price return of +14.9% while the SPY ETF gained +28.0%. OUSA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.5% and +2.0%, respectively, while the SPY returned +4.6% and +4.1%, respectively.

OUSA support price is $47.12 and resistance is $47.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OUSA stock will trade within this expected range on the day.