Bluemonte Large Cap Value ETF (NYSEARCA:BVAL) Sees Significant Increase in Short Interest

Bluemonte Large Cap Value ETF (NYSEARCA:BVAL) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 17,884 shares, an increase of 390.6% from the April 30th total of 3,645 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 26,237 shares, the days-to-cover ratio is currently 0.7 days.

Bluemonte Large Cap Value ETF Stock Up 0.0%

BVAL stock traded up $0.01 during midday trading on Friday, hitting $30.89. 65,636 shares of the stock traded hands, compared to its average volume of 28,734. The stock’s fifty day simple moving average is $29.38 and its 200-day simple moving average is $28.72. Bluemonte Large Cap Value ETF has a 1-year low of $25.06 and a 1-year high of $30.94.

About Bluemonte Large Cap Value ETF

The investment seeks to track the performance, before fees and expenses, of the EQM Brand Value Index (the index). Under normal circumstances, at least 80% of the fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index measures the performance of up to 50 publicly-traded U.S. companies based on a proprietary analysis of the value of their brand relative to their market capitalization.