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 large drop in short interest in September. As of September 15th, there was short interest totaling 6,448 shares, a drop of 83.7% from the August 31st total of 39,599 shares. Based on an average daily volume of 36,971 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Militia Long/Short Equity ETF Trading Up 0.9%

Shares of ORR stock traded up $0.36 on Friday, reaching $38.40. 23,944 shares of the stock were exchanged, compared to its average volume of 186,352. The business’s 50 day moving average price is $38.44 and its 200 day moving average price is $37.14. The company has a market capitalization of $352.13 million, a price-to-earnings ratio of 11.19 and a beta of 0.02. Militia Long/Short Equity ETF has a twelve month low of $30.66 and a twelve month high of $39.80.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Militia Long/Short Equity ETF stock. Janney Montgomery Scott LLC acquired a new stake in Militia Long/Short Equity ETF (NASDAQ:ORR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,206 shares of the company’s stock, valued at approximately $518,000. Janney Montgomery Scott LLC owned about 0.12% of Militia Long/Short Equity ETF as of its most recent filing with the Securities and Exchange Commission.

Militia Long/Short Equity ETF Company Profile

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.