Militia Long/Short Equity ETF (NASDAQ:ORR) Sees Significant Growth in Short Interest

Militia Long/Short Equity ETF (NASDAQ:ORR) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 28,908 shares, an increase of 138.8% from the April 30th total of 12,107 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 149,291 shares, the days-to-cover ratio is currently 0.2 days.

Militia Long/Short Equity ETF Stock Performance

Shares of ORR stock traded down $0.34 during trading hours on Friday, hitting $35.88. 309,429 shares of the company were exchanged, compared to its average volume of 275,720. The stock has a market capitalization of $384.27 million, a price-to-earnings ratio of 11.19 and a beta of 0.09. Militia Long/Short Equity ETF has a one year low of $28.06 and a one year high of $39.39. The business’s 50-day simple moving average is $36.47 and its two-hundred day simple moving average is $35.78.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Militia Long/Short Equity ETF stock. Janney Montgomery Scott LLC purchased a new stake in Militia Long/Short Equity ETF (NASDAQ:ORR) in the first quarter, according to its most recent filing with the SEC. The fund purchased 14,206 shares of the company’s stock, valued at approximately $518,000. Janney Montgomery Scott LLC owned about 0.12% of Militia Long/Short Equity ETF at the end of the most recent quarter.

Militia Long/Short Equity ETF Company Profile

The Militia Long/Short Equity ETF (ORR) is an exchange-traded fund that mostly invests in long/short alternatives. The fund is an actively managed, high turnover, long/short global equity fund. The long side aims to establish positions in companies in Developed Markets outside of the US with strong expected future cash flows ORR was launched on Jan 15, 2025 and is issued by Militia.