ClearShares Ultra-Short Maturity ETF (NYSEARCA:OPER) Sees Large Decline in Short Interest

ClearShares Ultra-Short Maturity ETF (NYSEARCA:OPER) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 248 shares, a drop of 80.0% from the June 15th total of 1,240 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 7,168 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On ClearShares Ultra-Short Maturity ETF

A hedge fund recently raised its position in ClearShares Ultra-Short Maturity ETF stock. JPMorgan Chase & Co. increased its stake in shares of ClearShares Ultra-Short Maturity ETF (NYSEARCA:OPER) by 128.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,989 shares of the company’s stock after purchasing an additional 3,373 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.44% of ClearShares Ultra-Short Maturity ETF worth $600,000 at the end of the most recent reporting period.

ClearShares Ultra-Short Maturity ETF Stock Up 0.0%

OPER traded up $0.02 during trading on Monday, hitting $100.21. 20,968 shares of the stock traded hands, compared to its average volume of 12,694. The business has a 50 day moving average price of $100.16 and a 200 day moving average price of $100.18. ClearShares Ultra-Short Maturity ETF has a twelve month low of $99.88 and a twelve month high of $100.54.

About ClearShares Ultra-Short Maturity ETF

The ClearShares Ultra-Short Maturity ETF (OPER) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio seeking current income by investing primarily in repurchase agreements, with a portfolio maturity of less than one year. OPER was launched on Jul 11, 2018 and is managed by ClearShares.