Gotham Short Strategies ETF (NYSEARCA:SHRT) Sees Large Drop in Short Interest

Gotham Short Strategies ETF (NYSEARCA:SHRT) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 699 shares, a drop of 75.4% from the June 15th total of 2,846 shares. Based on an average daily volume of 1,422 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Gotham Short Strategies ETF

An institutional investor recently raised its position in Gotham Short Strategies ETF stock. Hara Capital LLC increased its position in Gotham Short Strategies ETF (NYSEARCA:SHRT) by 59.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 46,727 shares of the company’s stock after purchasing an additional 17,446 shares during the period. Hara Capital LLC owned 1.93% of Gotham Short Strategies ETF worth $356,000 at the end of the most recent quarter.

Gotham Short Strategies ETF Price Performance

Shares of Gotham Short Strategies ETF stock traded up $0.01 during trading hours on Friday, hitting $6.43. The company had a trading volume of 208 shares, compared to its average volume of 7,817. The company’s 50-day moving average is $6.41 and its two-hundred day moving average is $6.96. Gotham Short Strategies ETF has a twelve month low of $6.07 and a twelve month high of $7.80. The company has a market cap of $14.60 million, a P/E ratio of 16.97 and a beta of -0.57.

About Gotham Short Strategies ETF

The Gotham Short Strategies ETF (SHRT) is an exchange-traded fund that mostly invests in total market equity. The fund takes both long and short positions in US-listed stocks and swaps. The actively managed fund will typically be 50% net short exposure. SHRT was launched on Feb 1, 2008 and is issued by Tidal.