TrueShares Equity Hedge ETF (BATS:ONEH) Sees Large Increase in Short Interest

TrueShares Equity Hedge ETF (BATS:ONEH) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 5,591 shares, a growth of 176.0% from the May 31st total of 2,026 shares. Based on an average daily trading volume, of 2,727 shares, the days-to-cover ratio is currently 2.1 days.

TrueShares Equity Hedge ETF Stock Performance

Shares of BATS ONEH opened at $24.64 on Tuesday. TrueShares Equity Hedge ETF has a 52 week low of $24.11 and a 52 week high of $25.00. The company has a 50-day simple moving average of $24.60.

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.