Overlay Shares Municipal Bond ETF (BATS:OVM) Shares Shorted: Short Interest Down 54.8% in October

Overlay Shares Municipal Bond ETF (BATS:OVM) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,501 shares, a drop of 54.8% from the September 30th total of 9,953 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 7,052 shares, the days-to-cover ratio is presently 0.6 days.

Overlay Shares Municipal Bond ETF Stock Down 0.3%

BATS OVM opened at $20.88 on Friday. Overlay Shares Municipal Bond ETF has a twelve month low of $20.15 and a twelve month high of $22.19. The firm has a market capitalization of $43.01 million, a PE ratio of 23.80 and a beta of 0.38. The stock’s 50 day moving average is $20.81 and its 200 day moving average is $21.45.

Overlay Shares Municipal Bond ETF Company Profile

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