Overlay Shares Core Bond ETF (BATS:OVB) Short Interest Up 188.3% in August

Overlay Shares Core Bond ETF (BATS:OVB) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 33,584 shares, an increase of 188.3% from the August 15th total of 11,648 shares. Based on an average daily volume of 10,944 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Overlay Shares Core Bond ETF stock. Bison Wealth LLC increased its position in Overlay Shares Core Bond ETF (BATS:OVB) by 77.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 459,206 shares of the company’s stock after acquiring an additional 201,124 shares during the period. Overlay Shares Core Bond ETF makes up about 0.9% of Bison Wealth LLC’s investment portfolio, making the stock its 11th biggest position. Bison Wealth LLC owned approximately 18.15% of Overlay Shares Core Bond ETF worth $9,286,000 at the end of the most recent reporting period.

Overlay Shares Core Bond ETF Stock Up 0.3%

OVB opened at $19.82 on Friday. Overlay Shares Core Bond ETF has a 52 week low of $19.76 and a 52 week high of $21.11. The business has a 50 day moving average price of $20.17 and a two-hundred day moving average price of $20.44. The company has a market cap of $46.58 million, a PE ratio of 24.69 and a beta of 0.38.

Overlay Shares Core Bond ETF Company Profile

The Overlay Shares Core Bond ETF (OVB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is actively managed to provide exposure to U.S. Investment-grade bonds combined with a U.S OVB was launched on Sep 30, 2019 and is managed by Overlay Shares.