ClearShares OCIO ETF (NYSEARCA:OCIO) Sees Significant Drop in Short Interest

ClearShares OCIO ETF (NYSEARCA:OCIO) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,330 shares, a drop of 45.7% from the July 30th total of 2,450 shares. Based on an average daily volume of 10,684 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

ClearShares OCIO ETF Price Performance

Shares of NYSEARCA OCIO traded down $0.03 during mid-day trading on Monday, reaching $37.89. 40,861 shares of the company’s stock were exchanged, compared to its average volume of 7,588. The firm has a market capitalization of $170.50 million, a price-to-earnings ratio of 21.96 and a beta of 0.60. ClearShares OCIO ETF has a 52 week low of $33.37 and a 52 week high of $38.52. The firm has a 50-day moving average price of $37.48 and a two-hundred day moving average price of $36.51.

Institutional Trading of ClearShares OCIO ETF

An institutional investor recently raised its stake in ClearShares OCIO ETF stock. Janney Montgomery Scott LLC raised its stake in ClearShares OCIO ETF (NYSEARCA:OCIO) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,162 shares of the company’s stock after acquiring an additional 364 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.67% of ClearShares OCIO ETF worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission.

ClearShares OCIO ETF Company Profile

The ClearShares OCIO ETF (OCIO) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to outperform a 60\u002F40 blended benchmark by over or under weighting across a broad range of asset classes. OCIO was launched on Jun 27, 2017 and is managed by ClearShares.