Gotham Short Strategies ETF (NYSEARCA:SHRT) Short Interest Up 745.7% in May

Gotham Short Strategies ETF (NYSEARCA:SHRT) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 3,146 shares, an increase of 745.7% from the April 30th total of 372 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 18,154 shares, the days-to-cover ratio is currently 0.2 days.

Gotham Short Strategies ETF Stock Up 0.2%

Shares of SHRT stock traded up $0.01 during trading on Friday, reaching $6.43. The company’s stock had a trading volume of 4,037 shares, compared to its average volume of 9,004. The business has a fifty day moving average price of $6.90 and a 200-day moving average price of $7.20. The company has a market cap of $16.20 million, a price-to-earnings ratio of 16.97 and a beta of -0.61. Gotham Short Strategies ETF has a one year low of $6.38 and a one year high of $8.19.

Institutional Trading of Gotham Short Strategies ETF

An institutional investor recently raised its position in Gotham Short Strategies ETF stock. Hara Capital LLC lifted its holdings in Gotham Short Strategies ETF (NYSEARCA:SHRT) by 59.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,727 shares of the company’s stock after purchasing an additional 17,446 shares during the quarter. Hara Capital LLC owned 1.93% of Gotham Short Strategies ETF worth $356,000 as of its most recent SEC filing.

Gotham Short Strategies ETF Company Profile

The Gotham Short Strategies ETF (SHRT) is an exchange-traded fund that mostly invests in total market equity. The fund takes both long and short positions in US-listed stocks and swaps. The actively managed fund will typically be 50% net short exposure. SHRT was launched on Feb 1, 2008 and is issued by Tidal.