TrueShares Structured Outcome (October) ETF (BATS:OCTZ) Sees Large Growth in Short Interest

TrueShares Structured Outcome (October) ETF (BATS:OCTZ) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,121 shares, a growth of 1,145.6% from the September 15th total of 90 shares. Based on an average daily volume of 484 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.1% of the company’s stock are sold short.

TrueShares Structured Outcome (October) ETF Stock Performance

OCTZ stock traded up $0.24 during mid-day trading on Friday, hitting $47.00. 709 shares of the company were exchanged, compared to its average volume of 11,473. The firm has a market cap of $39.01 million, a P/E ratio of 25.54 and a beta of 0.72. The firm’s 50 day simple moving average is $46.56 and its 200 day simple moving average is $45.25. TrueShares Structured Outcome has a 1-year low of $40.24 and a 1-year high of $47.90.

About TrueShares Structured Outcome (October) ETF

The TrueShares Structured Outcome (October) ETF (OCTZ) is an exchange-traded fund that mostly invests in large cap equity. 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. OCTZ was launched on Sep 30, 2020 and is managed by TrueShares.