Militia Long/Short Equity ETF (NASDAQ:ORR) Sees Large Decline in Short Interest

Militia Long/Short Equity ETF (NASDAQ:ORR) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 33,231 shares, a decrease of 40.0% from the June 30th total of 55,416 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 79,021 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Militia Long/Short Equity ETF stock. Janney Montgomery Scott LLC purchased a new stake in shares of Militia Long/Short Equity ETF (NASDAQ:ORR) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,206 shares of the company’s stock, valued at approximately $518,000. Janney Montgomery Scott LLC owned 0.12% of Militia Long/Short Equity ETF at the end of the most recent quarter.

Militia Long/Short Equity ETF Price Performance

Militia Long/Short Equity ETF stock traded up $0.85 during midday trading on Thursday, reaching $38.36. The stock had a trading volume of 76,541 shares, compared to its average volume of 223,229. Militia Long/Short Equity ETF has a twelve month low of $29.99 and a twelve month high of $39.39. The firm has a market cap of $349.84 million, a price-to-earnings ratio of 11.19 and a beta of 0.05. The firm’s fifty day simple moving average is $36.45 and its two-hundred day simple moving average is $36.67.

Militia Long/Short Equity ETF Company Profile

The Militia Long/Short Equity ETF (ORR) is an exchange-traded fund that mostly invests in long/short alternatives. The fund is an actively managed, high turnover, long/short global equity fund. The long side aims to establish positions in companies in Developed Markets outside of the US with strong expected future cash flows ORR was launched on Jan 15, 2025 and is issued by Militia.