Militia Long/Short Equity ETF (NASDAQ:ORR) Short Interest Down 40.0% in July

Militia Long/Short Equity ETF (NASDAQ:ORR) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 33,231 shares, a drop of 40.0% from the June 30th total of 55,416 shares. Based on an average trading volume of 79,021 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s stock are short sold.

Militia Long/Short Equity ETF Stock Performance

Shares of ORR stock opened at $38.79 on Friday. The company has a market capitalization of $353.76 million, a price-to-earnings ratio of 11.19 and a beta of 0.05. The company has a 50-day simple moving average of $36.54 and a two-hundred day simple moving average of $36.71. Militia Long/Short Equity ETF has a 52-week low of $29.99 and a 52-week high of $39.39.

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 purchased a new stake in shares of Militia Long/Short Equity ETF (NASDAQ:ORR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 reporting period.

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.