Short Interest in ClearShares Ultra-Short Maturity ETF (NYSEARCA:OPER) Increases By 66.7%

ClearShares Ultra-Short Maturity ETF (NYSEARCA:OPER) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 19,168 shares, an increase of 66.7% from the February 12th total of 11,497 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 11,842 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 11,842 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.7% of the company’s stock are short sold.

ClearShares Ultra-Short Maturity ETF Price Performance

Shares of OPER stock traded up $0.03 during trading hours on Friday, reaching $100.21. The company had a trading volume of 336 shares, compared to its average volume of 8,106. ClearShares Ultra-Short Maturity ETF has a twelve month low of $99.42 and a twelve month high of $100.54. The stock’s fifty day simple moving average is $100.16 and its 200 day simple moving average is $100.18.

ClearShares Ultra-Short Maturity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a yield of 3.2%.

Institutional Trading of ClearShares Ultra-Short Maturity ETF

A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of ClearShares Ultra-Short Maturity ETF by 128.9% in the second quarter. JPMorgan Chase & Co. now owns 5,989 shares of the company’s stock valued at $600,000 after purchasing an additional 3,373 shares during the period. Flow Traders U.S. LLC purchased a new stake in ClearShares Ultra-Short Maturity ETF during the 2nd quarter worth $9,833,000. Finally, Advisors Preferred LLC purchased a new stake in ClearShares Ultra-Short Maturity ETF during the 4th quarter worth $48,000.

About ClearShares Ultra-Short Maturity ETF

The ClearShares Ultra-Short Maturity ETF (OPER) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio seeking current income by investing primarily in repurchase agreements, with a portfolio maturity of less than one year. OPER was launched on Jul 11, 2018 and is managed by ClearShares.