ClearShares OCIO ETF (NYSEARCA:OCIO) Sees Large Decline in Short Interest

ClearShares OCIO ETF (NYSEARCA:OCIO) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,330 shares, a drop of 45.7% from the July 30th total of 2,450 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 10,684 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ClearShares OCIO ETF stock. Janney Montgomery Scott LLC raised its stake in shares of ClearShares OCIO ETF (NYSEARCA:OCIO) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,162 shares of the company’s stock after purchasing an additional 364 shares during the period. Janney Montgomery Scott LLC owned 0.67% of ClearShares OCIO ETF worth $1,116,000 as of its most recent SEC filing.

ClearShares OCIO ETF Stock Down 0.8%

Shares of OCIO traded down $0.29 during mid-day trading on Tuesday, hitting $37.60. 644 shares of the company’s stock were exchanged, compared to its average volume of 7,546. The stock has a market cap of $169.20 million, a price-to-earnings ratio of 21.96 and a beta of 0.60. The firm has a fifty day moving average of $37.48 and a two-hundred day moving average of $36.51. ClearShares OCIO ETF has a twelve month low of $33.37 and a twelve month high of $38.52.

ClearShares OCIO ETF Company Profile

The ClearShares OCIO ETF (OCIO) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to outperform a 60\u002F40 blended benchmark by over or under weighting across a broad range of asset classes. OCIO was launched on Jun 27, 2017 and is managed by ClearShares.