Gotham Short Strategies ETF (NYSEARCA:SHRT) Sees Large Drop in Short Interest

Gotham Short Strategies ETF (NYSEARCA:SHRT) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 699 shares, a decline of 75.4% from the June 15th total of 2,846 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,422 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Gotham Short Strategies ETF stock. Hara Capital LLC lifted its holdings in shares of Gotham Short Strategies ETF (NYSEARCA:SHRT) by 59.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,727 shares of the company’s stock after acquiring an additional 17,446 shares during the period. Hara Capital LLC owned 1.93% of Gotham Short Strategies ETF worth $356,000 at the end of the most recent reporting period.

Gotham Short Strategies ETF Trading Up 0.2%

NYSEARCA:SHRT traded up $0.01 during trading hours on Friday, hitting $6.43. The company’s stock had a trading volume of 208 shares, compared to its average volume of 7,817. Gotham Short Strategies ETF has a 52-week low of $6.07 and a 52-week high of $7.80. The stock has a market capitalization of $14.60 million, a P/E ratio of 16.97 and a beta of -0.57. The stock has a fifty day moving average of $6.41 and a 200-day moving average of $6.96.

About Gotham Short Strategies ETF

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.