Overlay Shares Core Bond ETF (BATS:OVB) Sees Large Growth in Short Interest

Overlay Shares Core Bond ETF (BATS:OVB) saw a large growth in short interest during 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. Approximately 1.4% of the company’s shares are short sold. Based on an average daily volume of 10,944 shares, the short-interest ratio is presently 3.1 days.

Institutional Investors Weigh In On Overlay Shares Core Bond ETF

A hedge fund recently raised its position in Overlay Shares Core Bond ETF stock. Bison Wealth LLC boosted its position in Overlay Shares Core Bond ETF (BATS:OVB) by 77.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 459,206 shares of the company’s stock after acquiring an additional 201,124 shares during the quarter. Overlay Shares Core Bond ETF accounts for about 0.9% of Bison Wealth LLC’s holdings, making the stock its 11th biggest holding. Bison Wealth LLC owned 18.15% of Overlay Shares Core Bond ETF worth $9,286,000 at the end of the most recent reporting period.

Overlay Shares Core Bond ETF Stock Up 0.3%

Shares of Overlay Shares Core Bond ETF stock opened at $19.82 on Friday. The stock’s fifty day moving average is $20.17 and its two-hundred day moving average is $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 capitalization 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.