Short Interest in Militia Long/Short Equity ETF (NASDAQ:ORR) Decreases By 64.2%

Militia Long/Short Equity ETF (NASDAQ:ORR) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 11,895 shares, a drop of 64.2% from the July 15th total of 33,231 shares. Based on an average daily trading volume, of 58,106 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Militia Long/Short Equity ETF

A hedge fund recently bought a new position in Militia Long/Short Equity ETF stock. Janney Montgomery Scott LLC acquired a new stake in Militia Long/Short Equity ETF (NASDAQ:ORR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,206 shares of the company’s stock, valued at approximately $518,000. Janney Montgomery Scott LLC owned approximately 0.12% of Militia Long/Short Equity ETF as of its most recent SEC filing.

Militia Long/Short Equity ETF Stock Down 0.6%

NASDAQ:ORR traded down $0.22 during trading hours on Friday, hitting $38.35. 43,618 shares of the stock traded hands, compared to its average volume of 212,735. The stock has a 50 day moving average price of $37.16 and a 200 day moving average price of $36.95. The company has a market cap of $349.75 million, a price-to-earnings ratio of 11.19 and a beta of 0.03. Militia Long/Short Equity ETF has a 1 year low of $30.66 and a 1 year high of $39.80.

About Militia Long/Short Equity ETF

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.