Militia Long/Short Equity ETF (NASDAQ:ORR) Sees Large Decline in Short Interest

Militia Long/Short Equity ETF (NASDAQ:ORR) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 9,473 shares, a drop of 97.7% from the February 26th total of 416,850 shares. Based on an average daily volume of 412,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Militia Long/Short Equity ETF Trading Down 1.5%

ORR stock traded down $0.54 during midday trading on Thursday, hitting $36.29. 99,507 shares of the company’s stock were exchanged, compared to its average volume of 348,931. The firm has a 50 day moving average price of $37.10 and a 200-day moving average price of $34.24. Militia Long/Short Equity ETF has a 12-month low of $25.85 and a 12-month high of $39.39. The stock has a market capitalization of $314.27 million, a price-to-earnings ratio of 11.19 and a beta of 1.14.

Militia Long/Short Equity ETF Company Profile

The Militia Long/Short Equity ETF (ORR) is an exchange-traded fund that mostly invests in long/short alternatives. The fund is an actively managed, high turnover, long/short global equity fund. The long side aims to establish positions in companies in Developed Markets outside of the US with strong expected future cash flows ORR was launched on Jan 15, 2025 and is issued by Militia.