Twin Oak Short Horizon Absolute Return ETF (NYSEARCA:TOAK) Sees Significant Increase in Short Interest

Twin Oak Short Horizon Absolute Return ETF (NYSEARCA:TOAK) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,462 shares, an increase of 425.9% from the April 30th total of 278 shares. Based on an average daily trading volume, of 8,341 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Twin Oak Short Horizon Absolute Return ETF Trading Down 0.0%

NYSEARCA:TOAK traded down $0.01 during midday trading on Thursday, reaching $28.74. The company had a trading volume of 1,202 shares, compared to its average volume of 15,357. The firm has a market capitalization of $79.32 million, a price-to-earnings ratio of 27.66 and a beta of 0.63. The stock’s fifty day simple moving average is $28.67 and its 200-day simple moving average is $28.51. Twin Oak Short Horizon Absolute Return ETF has a 12-month low of $27.68 and a 12-month high of $29.36.

About Twin Oak Short Horizon Absolute Return ETF

The Twin Oak Short Horizon Absolute Return ETF (TOAK) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is actively managed, aiming to provide capital appreciation with stable returns. The fund uses a mix of long puts, long calls, and debit spread options with less than 1 year to expiration to pursue its investment strategy. TOAK was launched on Aug 19, 2024 and is issued by Twin Oak.