Bluemonte Large Cap Value ETF (NYSEARCA:BVAL) Sees Significant Growth in Short Interest

Bluemonte Large Cap Value ETF (NYSEARCA:BVAL) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 25,079 shares, an increase of 107.9% from the June 15th total of 12,064 shares. Based on an average daily trading volume, of 28,762 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the company’s stock are short sold.

Bluemonte Large Cap Value ETF Stock Performance

Shares of BVAL traded up $0.11 during trading hours on Thursday, hitting $31.43. 14,299 shares of the company were exchanged, compared to its average volume of 29,319. The firm’s 50 day moving average is $30.94 and its 200-day moving average is $29.57. Bluemonte Large Cap Value ETF has a 52 week low of $25.60 and a 52 week high of $31.62.

Bluemonte Large Cap Value ETF Company Profile

The investment seeks to track the performance, before fees and expenses, of the EQM Brand Value Index (the index). Under normal circumstances, at least 80% of the fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index measures the performance of up to 50 publicly-traded U.S. companies based on a proprietary analysis of the value of their brand relative to their market capitalization.