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

Militia Long/Short Equity ETF (NASDAQ:ORR) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 39,599 shares, a decline of 55.2% from the August 15th total of 88,400 shares. Based on an average daily trading volume, of 56,335 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of Militia Long/Short Equity ETF

An institutional investor recently bought a new stake in Militia Long/Short Equity ETF stock. Janney Montgomery Scott LLC bought a new stake in shares of Militia Long/Short Equity ETF (NASDAQ:ORR) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,206 shares of the company’s stock, valued at approximately $518,000. Janney Montgomery Scott LLC owned 0.12% of Militia Long/Short Equity ETF as of its most recent SEC filing.

Militia Long/Short Equity ETF Stock Performance

Shares of NASDAQ ORR traded down $0.20 during trading on Tuesday, hitting $38.53. The company had a trading volume of 48,179 shares, compared to its average volume of 193,004. Militia Long/Short Equity ETF has a 52 week low of $30.66 and a 52 week high of $39.80. The business’s 50-day moving average is $38.19 and its 200 day moving average is $37.10. The company has a market cap of $353.71 million, a P/E ratio of 11.19 and a beta of 0.02.

About Militia Long/Short Equity ETF

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.