Gotham Short Strategies ETF (NYSEARCA:SHRT) Sees Large Drop in Short Interest

Gotham Short Strategies ETF (NYSEARCA:SHRT) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 699 shares, a drop of 75.4% from the June 15th total of 2,846 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,422 shares, the short-interest ratio is currently 0.5 days.

Gotham Short Strategies ETF Stock Down 0.3%

NYSEARCA SHRT opened at $6.41 on Tuesday. The company has a 50-day moving average price of $6.41 and a 200-day moving average price of $6.95. Gotham Short Strategies ETF has a 52 week low of $6.07 and a 52 week high of $7.80. The firm has a market capitalization of $14.55 million, a P/E ratio of 16.97 and a beta of -0.57.

Institutional Investors Weigh In On Gotham Short Strategies ETF

An institutional investor recently raised its position in Gotham Short Strategies ETF stock. Hara Capital LLC boosted its stake in shares of Gotham Short Strategies ETF (NYSEARCA:SHRT) by 59.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,727 shares of the company’s stock after purchasing an additional 17,446 shares during the period. Hara Capital LLC owned about 1.93% of Gotham Short Strategies ETF worth $356,000 at the end of the most recent quarter.

About Gotham Short Strategies ETF

The Gotham Short Strategies ETF (SHRT) is an exchange-traded fund that mostly invests in total market equity. The fund takes both long and short positions in US-listed stocks and swaps. The actively managed fund will typically be 50% net short exposure. SHRT was launched on Feb 1, 2008 and is issued by Tidal.