Short Interest in TrueShares Structured Outcome (November) ETF (BATS:NOVZ) Expands By 1,683.0%

TrueShares Structured Outcome (November) ETF (BATS:NOVZ) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,997 shares, a growth of 1,683.0% from the May 14th total of 112 shares. Based on an average daily volume of 266 shares, the days-to-cover ratio is presently 7.5 days. Currently, 0.3% of the company’s stock are sold short.

TrueShares Structured Outcome (November) ETF Stock Performance

Shares of BATS NOVZ traded down $0.13 during midday trading on Tuesday, reaching $46.55. 2,067 shares of the company’s stock were exchanged, compared to its average volume of 2,778. TrueShares Structured Outcome has a 52-week low of $40.67 and a 52-week high of $47.73. The stock has a market capitalization of $34.45 million, a PE ratio of 24.25 and a beta of 0.76. The business’s fifty day moving average price is $45.46 and its two-hundred day moving average price is $44.68.

Institutional Trading of TrueShares Structured Outcome (November) ETF

An institutional investor recently bought a new position in TrueShares Structured Outcome (November) ETF stock. JPMorgan Chase & Co. acquired a new stake in TrueShares Structured Outcome (November) ETF (BATS:NOVZ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,488 shares of the company’s stock, valued at approximately $146,000. JPMorgan Chase & Co. owned about 0.47% of TrueShares Structured Outcome (November) ETF as of its most recent SEC filing.

TrueShares Structured Outcome (November) ETF Company Profile

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.