Brookmont Catastrophic Bond ETF (NYSEARCA:ILS) Sees Large Increase in Short Interest

Brookmont Catastrophic Bond ETF (NYSEARCA:ILS) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 17,874 shares, a growth of 155.2% from the April 30th total of 7,005 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 34,735 shares, the days-to-cover ratio is presently 0.5 days.

Brookmont Catastrophic Bond ETF Price Performance

Shares of ILS stock traded up $0.05 on Friday, hitting $19.86. The stock had a trading volume of 79,964 shares, compared to its average volume of 50,520. Brookmont Catastrophic Bond ETF has a 1 year low of $19.66 and a 1 year high of $20.63. The company’s 50 day moving average price is $19.85 and its 200-day moving average price is $20.04.

Institutional Investors Weigh In On Brookmont Catastrophic Bond ETF

A hedge fund recently bought a new stake in Brookmont Catastrophic Bond ETF stock. Farther Finance Advisors LLC purchased a new position in shares of Brookmont Catastrophic Bond ETF (NYSEARCA:ILS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,115 shares of the company’s stock, valued at approximately $222,000. Farther Finance Advisors LLC owned 0.62% of Brookmont Catastrophic Bond ETF at the end of the most recent reporting period.

About Brookmont Catastrophic Bond ETF

ETF Opportunities Trust – Brookmont Catastrophic Bond ETF is an exchange traded fund by ETF Opportunities Trust. The fund is co-managed by Brookmont Capital Management, LLC and King Ridge Capital Advisors LLC. It invests in fixed income markets of global region. The fund invests in high yield catastrophe bonds, insurance-linked securities and non-U.S. reinsurance-related securities which includes non-U.S. sovereigns and non-U.S. entities, including insurance companies, reinsurers, corporations, partnerships, trusts, and other types of business entities.