Short Interest in TrueShares Structured Outcome (November) ETF (BATS:NOVZ) Declines By 94.7%

TrueShares Structured Outcome (November) ETF (BATS:NOVZ) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 112 shares, a drop of 94.7% from the April 30th total of 2,106 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 5,734 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On TrueShares Structured Outcome (November) ETF

A hedge fund recently bought a new stake in TrueShares Structured Outcome (November) ETF stock. Blue Bell Private Wealth Management LLC acquired a new stake in shares of TrueShares Structured Outcome (November) ETF (BATS:NOVZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,559 shares of the company’s stock, valued at approximately $68,000. Blue Bell Private Wealth Management LLC owned approximately 0.21% of TrueShares Structured Outcome (November) ETF as of its most recent filing with the Securities & Exchange Commission.

TrueShares Structured Outcome (November) ETF Stock Performance

NOVZ remained flat at $47.19 during midday trading on Wednesday. 56 shares of the company traded hands, compared to its average volume of 1,672. The stock has a market capitalization of $34.92 million, a P/E ratio of 24.25 and a beta of 0.76. The company’s 50 day moving average price is $44.64 and its two-hundred day moving average price is $44.53. TrueShares Structured Outcome has a 52-week low of $40.28 and a 52-week high of $47.20.

About TrueShares Structured Outcome (November) ETF

The TrueShares Structured Outcome (November) ETF (NOVZ) is an exchange-traded fund that is based on the S&P 500 Price index. The fund aims for specific buffered losses on the S&P 500 over a specific holdings period with uncapped gains, subject to strategy costs. The actively-managed fund holds options and collateral. NOVZ was launched on Oct 30, 2020 and is managed by TrueShares.