OneAscent Core Plus Bond ETF (NYSEARCA:OACP) Sees Significant Increase in Short Interest

OneAscent Core Plus Bond ETF (NYSEARCA:OACP) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 31,019 shares, a growth of 104.2% from the December 31st total of 15,192 shares. Based on an average trading volume of 32,617 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 32,617 shares, the days-to-cover ratio is currently 1.0 days.

OneAscent Core Plus Bond ETF Price Performance

Shares of OACP stock opened at $23.01 on Friday. OneAscent Core Plus Bond ETF has a twelve month low of $22.14 and a twelve month high of $23.77. The company’s 50-day moving average price is $23.09 and its 200-day moving average price is $23.04.

OneAscent Core Plus Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 3rd. Stockholders of record on Thursday, January 29th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Strategic Blueprint LLC purchased a new position in OneAscent Core Plus Bond ETF in the second quarter worth approximately $390,000. Winnow Wealth LLC purchased a new stake in OneAscent Core Plus Bond ETF in the 3rd quarter valued at about $154,000. Finally, EverSource Wealth Advisors LLC acquired a new position in OneAscent Core Plus Bond ETF in the third quarter valued at about $44,000.

OneAscent Core Plus Bond ETF Company Profile

The OneAscent Core Plus Bond ETF (OACP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that provides exposure to debt securities of any maturity while applying special consideration to values-based and proprietary impact criteria. OACP was launched on Mar 30, 2022 and is managed by Oneascent.