TrueShares Equity Hedge ETF (BATS:ONEH) Sees Large Drop in Short Interest

TrueShares Equity Hedge ETF (BATS:ONEH) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 637 shares, a drop of 89.0% from the June 30th total of 5,795 shares. Based on an average daily trading volume, of 2,025 shares, the days-to-cover ratio is presently 0.3 days.

TrueShares Equity Hedge ETF Price Performance

Shares of ONEH stock opened at $24.65 on Friday. TrueShares Equity Hedge ETF has a 12 month low of $24.11 and a 12 month high of $25.00. The firm’s 50 day simple moving average is $24.62.

TrueShares Equity Hedge ETF (BATS: ONEH) is an exchange-traded fund listed on the Cboe BZX Exchange and offered under the TrueShares brand. As an ETF, it provides investors with a pooled vehicle that trades on an exchange like a stock and is intended to deliver exposure to an investment strategy described in the fund’s prospectus.

The fund’s name indicates an equity-hedge orientation: it is positioned to offer equity market exposure together with a hedging component intended to mitigate downside risk.