OneAscent Large Cap Core ETF (NYSEARCA:OALC) Sees Large Growth in Short Interest

OneAscent Large Cap Core ETF (NYSEARCA:OALC) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 22,883 shares, an increase of 71.9% from the December 31st total of 13,315 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 13,066 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 13,066 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. acquired a new position in shares of OneAscent Large Cap Core ETF during the second quarter worth about $417,000. OneAscent Wealth Management LLC raised its holdings in shares of OneAscent Large Cap Core ETF by 9.1% during the 3rd quarter. OneAscent Wealth Management LLC now owns 1,069,282 shares of the company’s stock valued at $37,220,000 after purchasing an additional 88,981 shares in the last quarter. IFP Advisors Inc increased its position in shares of OneAscent Large Cap Core ETF by 248.2% during the second quarter. IFP Advisors Inc now owns 14,086 shares of the company’s stock valued at $457,000 after purchasing an additional 10,041 shares during the period. Atria Investments Inc grew its holdings in OneAscent Large Cap Core ETF by 10.9% during the 2nd quarter. Atria Investments Inc now owns 925,763 shares of the company’s stock worth $30,041,000 after acquiring an additional 91,316 shares during the last quarter. Finally, RFG Advisory LLC boosted its holdings in OneAscent Large Cap Core ETF by 4.1% during the second quarter. RFG Advisory LLC now owns 72,517 shares of the company’s stock worth $2,353,000 after buying an additional 2,884 shares during the last quarter.

OneAscent Large Cap Core ETF Stock Performance

OALC traded down $0.29 during midday trading on Friday, reaching $36.14. 12,370 shares of the company were exchanged, compared to its average volume of 19,514. The company has a market cap of $201.30 million, a price-to-earnings ratio of 25.77 and a beta of 0.93. The company’s fifty day moving average price is $35.79 and its 200 day moving average price is $34.82. OneAscent Large Cap Core ETF has a one year low of $25.05 and a one year high of $36.82.

OneAscent Large Cap Core ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, January 5th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.2152 per share. This represents a dividend yield of 60.0%. The ex-dividend date was Tuesday, December 30th.

OneAscent Large Cap Core ETF Company Profile

The OneAscent Large Cap Core ETF (OALC) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US large-cap companies screened and selected for its value-based philosophy and fundamental evaluation. The fund seeks capital appreciation. OALC was launched on Nov 16, 2021 and is managed by Oneascent.