CCM Affordable Housing MBS ETF (NYSEARCA:OWNS) Sees Significant Decline in Short Interest

CCM Affordable Housing MBS ETF (NYSEARCA:OWNS) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 11,840 shares, a drop of 50.2% from the May 31st total of 23,757 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 11,350 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of CCM Affordable Housing MBS ETF

Hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC raised its stake in shares of CCM Affordable Housing MBS ETF by 16.0% in the third quarter. Integrated Wealth Concepts LLC now owns 21,256 shares of the company’s stock worth $370,000 after buying an additional 2,936 shares during the period. JPMorgan Chase & Co. bought a new position in shares of CCM Affordable Housing MBS ETF during the 2nd quarter valued at approximately $63,000. Flagship Harbor Advisors LLC bought a new position in shares of CCM Affordable Housing MBS ETF during the 4th quarter valued at approximately $100,000. Finally, Flow Traders U.S. LLC purchased a new stake in CCM Affordable Housing MBS ETF in the 2nd quarter worth approximately $381,000.

CCM Affordable Housing MBS ETF Trading Down 0.2%

Shares of NYSEARCA:OWNS traded down $0.04 during midday trading on Wednesday, hitting $17.23. The company had a trading volume of 17,361 shares, compared to its average volume of 20,771. CCM Affordable Housing MBS ETF has a 12-month low of $16.94 and a 12-month high of $18.04. The company has a fifty day moving average of $17.35 and a two-hundred day moving average of $17.48.

About CCM Affordable Housing MBS ETF

The Impact Shares Affordable Housing MBS ETF (OWNS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to generate current income from an actively managed portfolio of investment grade, fixed income securities backed by mortgage loans made to low- and moderate-income borrowers and minorities. OWNS was launched on Jul 26, 2021 and is managed by Impact Shares.