TrueShares Equity Hedge ETF (BATS:ONEH) Sees Significant Decrease in Short Interest

TrueShares Equity Hedge ETF (BATS:ONEH) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 3,960 shares, a drop of 46.6% from the July 30th total of 7,409 shares. Based on an average trading volume of 62,137 shares, the days-to-cover ratio is currently 0.1 days.

TrueShares Equity Hedge ETF Price Performance

ONEH stock opened at $24.56 on Friday. TrueShares Equity Hedge ETF has a 12 month low of $24.11 and a 12 month high of $25.00. The business’s 50-day moving average price is $24.65.

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.