Gotham Short Strategies ETF (NYSEARCA:SHRT) Sees Significant Increase in Short Interest

Gotham Short Strategies ETF (NYSEARCA:SHRT) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 3,146 shares, a growth of 745.7% from the April 30th total of 372 shares. Based on an average daily trading volume, of 18,154 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Trading of Gotham Short Strategies ETF

A hedge fund recently raised its stake 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 13F filing with the SEC. The firm owned 46,727 shares of the company’s stock after buying an additional 17,446 shares during the period. Hara Capital LLC owned approximately 1.93% of Gotham Short Strategies ETF worth $356,000 at the end of the most recent quarter.

Gotham Short Strategies ETF Stock Performance

NYSEARCA:SHRT opened at $6.41 on Thursday. The stock’s fifty day moving average is $6.93 and its 200 day moving average is $7.21. Gotham Short Strategies ETF has a fifty-two week low of $6.39 and a fifty-two week high of $8.19. The firm has a market capitalization of $16.15 million, a PE ratio of 16.97 and a beta of -0.61.

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.