ClearShares Ultra-Short Maturity ETF (NYSEARCA:OPER) Sees Significant Decline in Short Interest

ClearShares Ultra-Short Maturity ETF (NYSEARCA:OPERGet Free Report) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 1,663 shares, a decline of 64.2% from the January 15th total of 4,645 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 5,580 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 5,580 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

ClearShares Ultra-Short Maturity ETF Price Performance

Shares of OPER opened at $100.15 on Wednesday. ClearShares Ultra-Short Maturity ETF has a 12-month low of $99.42 and a 12-month high of $100.54. The firm has a 50-day moving average price of $100.15 and a 200 day moving average price of $100.20.

ClearShares Ultra-Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were issued a dividend of $0.2788 per share. The ex-dividend date was Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OPER. Flow Traders U.S. LLC purchased a new position in ClearShares Ultra-Short Maturity ETF in the second quarter worth approximately $9,833,000. JPMorgan Chase & Co. grew its holdings in shares of ClearShares Ultra-Short Maturity ETF by 128.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,989 shares of the company’s stock worth $600,000 after purchasing an additional 3,373 shares during the period. Finally, Advisors Preferred LLC acquired a new stake in shares of ClearShares Ultra-Short Maturity ETF during the 4th quarter worth about $48,000.

About ClearShares Ultra-Short Maturity ETF

(Get Free Report)

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.

Further Reading

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