Militia Long/Short Equity ETF (NASDAQ:ORR) Stock Short Interest Drops 83.7%

Militia Long/Short Equity ETF (NASDAQ:ORR) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,448 shares, a decrease of 83.7% from the August 31st total of 39,599 shares. Based on an average daily volume of 36,971 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On 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 Militia Long/Short Equity ETF (NASDAQ:ORR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,206 shares of the company’s stock, valued at approximately $518,000. Janney Montgomery Scott LLC owned 0.12% of Militia Long/Short Equity ETF as of its most recent SEC filing.

Militia Long/Short Equity ETF Stock Performance

NASDAQ:ORR traded up $0.18 during trading hours on Friday, reaching $38.22. The stock had a trading volume of 5,140 shares, compared to its average volume of 187,239. The stock has a market cap of $350.51 million, a P/E ratio of 11.19 and a beta of 0.02. The stock has a 50 day simple moving average of $38.40 and a 200 day simple moving average of $37.13. Militia Long/Short Equity ETF has a 12-month low of $30.66 and a 12-month high of $39.80.

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.