THOR Equal Weight Low Volatility ETF (NYSE:THLV) Shares Shorted: Short Interest Up 57.1% in September

THOR Equal Weight Low Volatility ETF (NYSE:THLV) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 34,192 shares, a growth of 57.1% from the September 15th total of 21,770 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 5,969 shares, the days-to-cover ratio is currently 5.7 days.

THOR Equal Weight Low Volatility ETF Price Performance

Shares of THLV opened at $31.31 on Friday. THOR Equal Weight Low Volatility ETF has a 1-year low of $29.39 and a 1-year high of $33.48. The company has a market capitalization of $55.42 million, a P/E ratio of 21.51 and a beta of 0.64. The firm’s 50 day simple moving average is $32.04 and its 200 day simple moving average is $32.39.

Hedge Funds Weigh In On THOR Equal Weight Low Volatility ETF

A hedge fund recently raised its position in THOR Equal Weight Low Volatility ETF stock. Compound Planning Inc. grew its stake in shares of THOR Equal Weight Low Volatility ETF (NYSE:THLV) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 533,528 shares of the company’s stock after buying an additional 30,338 shares during the quarter. Compound Planning Inc. owned 34.87% of THOR Equal Weight Low Volatility ETF worth $15,937,000 at the end of the most recent quarter.

About THOR Equal Weight Low Volatility ETF

The Thor Low Volatility ETF (THLV) is an exchange-traded fund that is based on the Thor Low Volatility index. The fund aims to provide a low volatility US large-cap equity strategy. The fund tracks an index that selects sectors based on price momentum and historical volatility and equally weights exposure. THLV was launched on Sep 12, 2022 and is managed by THOR.