Militia Long/Short Equity ETF (NASDAQ:ORR) Sees Significant Growth in Short Interest

Militia Long/Short Equity ETF (NASDAQ:ORR) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 28,908 shares, a growth of 138.8% from the April 30th total of 12,107 shares. Based on an average trading volume of 149,291 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Militia Long/Short Equity ETF

A hedge fund recently bought a new stake in Militia Long/Short Equity ETF stock. Janney Montgomery Scott LLC purchased a new position in Militia Long/Short Equity ETF (NASDAQ:ORR) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,206 shares of the company’s stock, valued at approximately $518,000. Janney Montgomery Scott LLC owned approximately 0.12% of Militia Long/Short Equity ETF at the end of the most recent quarter.

Militia Long/Short Equity ETF Price Performance

Shares of ORR traded down $0.34 during trading hours on Friday, hitting $35.88. 309,429 shares of the company were exchanged, compared to its average volume of 275,720. The company has a market capitalization of $384.27 million, a PE ratio of 11.19 and a beta of 0.09. The firm has a fifty day simple moving average of $36.47 and a 200-day simple moving average of $35.78. Militia Long/Short Equity ETF has a one year low of $28.06 and a one year high of $39.39.

About Militia Long/Short Equity ETF

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.