TrueShares Structured Outcome (November) ETF (BATS:NOVZ) Sees Significant Growth in Short Interest

TrueShares Structured Outcome (November) ETF (BATS:NOVZ) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,940 shares, a growth of 147.4% from the May 31st total of 1,997 shares. Based on an average trading volume of 13,087 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in TrueShares Structured Outcome (November) ETF stock. JPMorgan Chase & Co. acquired a new stake in shares of TrueShares Structured Outcome (November) ETF (BATS:NOVZ) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 filing with the Securities & Exchange Commission.

TrueShares Structured Outcome (November) ETF Trading Up 0.6%

Shares of TrueShares Structured Outcome (November) ETF stock opened at $47.05 on Wednesday. TrueShares Structured Outcome has a 1 year low of $41.57 and a 1 year high of $47.73. The company’s fifty day simple moving average is $46.56 and its 200-day simple moving average is $44.86. The company has a market cap of $34.82 million, a price-to-earnings ratio of 24.25 and a beta of 0.76.

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.