Militia Long/Short Equity ETF (NASDAQ:ORR) Sees Significant Increase in Short Interest

Militia Long/Short Equity ETF (NASDAQ:ORR) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 28,908 shares, a growth of 138.8% from the April 30th total of 12,107 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 149,291 shares, the days-to-cover ratio is presently 0.2 days.

Militia Long/Short Equity ETF Trading Down 1.0%

Shares of ORR traded down $0.35 during trading hours on Tuesday, reaching $35.53. 169,599 shares of the company’s stock traded hands, compared to its average volume of 274,692. The stock has a market cap of $380.53 million, a PE ratio of 11.19 and a beta of 0.09. The firm’s 50 day simple moving average is $36.45 and its 200-day simple moving average is $35.82. Militia Long/Short Equity ETF has a 12 month low of $28.26 and a 12 month high of $39.39.

Hedge Funds Weigh In On Militia Long/Short Equity ETF

An institutional investor recently bought a new position in Militia Long/Short Equity ETF stock. Janney Montgomery Scott LLC purchased a new position in Militia Long/Short Equity ETF (NASDAQ:ORR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,206 shares of the company’s stock, valued at approximately $518,000. Janney Montgomery Scott LLC owned 0.12% of Militia Long/Short Equity ETF at the end of the most recent reporting period.

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.