Oakmark U.S. Large Cap ETF (NYSEARCA:OAKM) Sees Significant Drop in Short Interest
by Scott Moore · The Cerbat GemOakmark U.S. Large Cap ETF (NYSEARCA:OAKM – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 24,310 shares, a drop of 69.1% from the April 30th total of 78,573 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 323,632 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Trading of Oakmark U.S. Large Cap ETF
Several hedge funds have recently added to or reduced their stakes in OAKM. Cheviot Value Management LLC raised its stake in Oakmark U.S. Large Cap ETF by 140.5% during the 4th quarter. Cheviot Value Management LLC now owns 131,390 shares of the company’s stock worth $3,713,000 after buying an additional 76,760 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of Oakmark U.S. Large Cap ETF by 116.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 71,745 shares of the company’s stock valued at $2,035,000 after purchasing an additional 38,585 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Oakmark U.S. Large Cap ETF by 44.8% in the third quarter. IFP Advisors Inc now owns 78,550 shares of the company’s stock valued at $2,104,000 after purchasing an additional 24,311 shares in the last quarter. Cascades Capital Asset Management LLC lifted its holdings in shares of Oakmark U.S. Large Cap ETF by 60.2% in the fourth quarter. Cascades Capital Asset Management LLC now owns 44,325 shares of the company’s stock valued at $1,257,000 after purchasing an additional 16,665 shares in the last quarter. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of Oakmark U.S. Large Cap ETF in the fourth quarter valued at about $438,000.
Oakmark U.S. Large Cap ETF Stock Up 0.1%
Oakmark U.S. Large Cap ETF stock traded up $0.02 during mid-day trading on Friday, hitting $28.11. 146,978 shares of the company’s stock were exchanged, compared to its average volume of 297,278. The firm has a market capitalization of $1.10 billion, a P/E ratio of 16.37 and a beta of 0.48. Oakmark U.S. Large Cap ETF has a fifty-two week low of $24.18 and a fifty-two week high of $29.22. The company’s 50 day simple moving average is $27.88 and its 200-day simple moving average is $27.99.
About Oakmark U.S. Large Cap ETF
The Oakmark U.S. Large Cap ETF (OAKM) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, high-conviction fund holding fewer than 40 US large-cap value stocks. The investment process utilizes bottom-up research, seeking competitive long-term performance return. OAKM was launched on Dec 3, 2024 and is issued by Oakmark.