OneAscent Core Plus Bond ETF (NYSEARCA:OACP) Sees Significant Drop in Short Interest

OneAscent Core Plus Bond ETF (NYSEARCA:OACP) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 39,270 shares, a decline of 44.8% from the January 29th total of 71,118 shares. Based on an average daily volume of 35,873 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 35,873 shares, the days-to-cover ratio is presently 1.1 days.

OneAscent Core Plus Bond ETF Price Performance

NYSEARCA OACP traded up $0.04 during trading hours on Friday, hitting $23.24. The company had a trading volume of 15,304 shares, compared to its average volume of 34,780. OneAscent Core Plus Bond ETF has a fifty-two week low of $22.14 and a fifty-two week high of $23.77. The business has a fifty day simple moving average of $23.11 and a 200-day simple moving average of $23.10.

OneAscent Core Plus Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Thursday, February 26th will be issued a $0.0756 dividend. This is a boost from OneAscent Core Plus Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Strategic Blueprint LLC increased its stake in shares of OneAscent Core Plus Bond ETF by 13.3% in the third quarter. Strategic Blueprint LLC now owns 19,375 shares of the company’s stock valued at $447,000 after purchasing an additional 2,274 shares during the period. Winnow Wealth LLC bought a new position in OneAscent Core Plus Bond ETF in the 3rd quarter worth approximately $154,000. Finally, EverSource Wealth Advisors LLC bought a new position in OneAscent Core Plus Bond ETF in the 3rd quarter worth approximately $44,000.

About OneAscent Core Plus Bond ETF

The OneAscent Core Plus Bond ETF (OACP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that provides exposure to debt securities of any maturity while applying special consideration to values-based and proprietary impact criteria. OACP was launched on Mar 30, 2022 and is managed by Oneascent.