Short Interest in Overlay Shares Core Bond ETF (BATS:OVB) Expands By 188.3%
by Sarita Garza · The Markets DailyOverlay Shares Core Bond ETF (BATS:OVB – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 33,584 shares, a growth of 188.3% from the August 15th total of 11,648 shares. Based on an average trading volume of 10,944 shares, the days-to-cover ratio is presently 3.1 days. Approximately 1.4% of the company’s shares are sold short.
Institutional Trading of Overlay Shares Core Bond ETF
A hedge fund recently raised its stake in Overlay Shares Core Bond ETF stock. Bison Wealth LLC lifted its holdings in Overlay Shares Core Bond ETF (BATS:OVB – Free Report) by 77.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 459,206 shares of the company’s stock after buying an additional 201,124 shares during the period. Overlay Shares Core Bond ETF comprises approximately 0.9% of Bison Wealth LLC’s portfolio, making the stock its 11th biggest position. Bison Wealth LLC owned about 18.15% of Overlay Shares Core Bond ETF worth $9,286,000 at the end of the most recent quarter.
Overlay Shares Core Bond ETF Stock Performance
Shares of BATS:OVB opened at $19.82 on Monday. The firm has a 50 day simple moving average of $20.17 and a 200 day simple moving average of $20.44. Overlay Shares Core Bond ETF has a 52 week low of $19.76 and a 52 week high of $21.11. The company has a market cap of $46.58 million, a PE ratio of 24.69 and a beta of 0.38.
About Overlay Shares Core Bond ETF
The Overlay Shares Core Bond ETF (OVB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is actively managed to provide exposure to U.S. Investment-grade bonds combined with a U.S OVB was launched on Sep 30, 2019 and is managed by Overlay Shares.