OneAscent Large Cap Core ETF (NYSEARCA:OALC) Sees Large Increase in Short Interest

OneAscent Large Cap Core ETF (NYSEARCA:OALC) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 46,333 shares, a growth of 83.3% from the May 14th total of 25,280 shares. Based on an average daily volume of 20,004 shares, the short-interest ratio is presently 2.3 days. Currently, 0.8% of the shares of the stock are sold short.

OneAscent Large Cap Core ETF Trading Down 0.7%

NYSEARCA:OALC traded down $0.27 during mid-day trading on Tuesday, hitting $40.76. The company’s stock had a trading volume of 21,071 shares, compared to its average volume of 19,888. OneAscent Large Cap Core ETF has a fifty-two week low of $30.97 and a fifty-two week high of $41.27. The company has a market capitalization of $232.33 million, a price-to-earnings ratio of 25.77 and a beta of 0.95. The stock has a fifty day moving average of $38.81 and a 200-day moving average of $36.75.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC raised its position in OneAscent Large Cap Core ETF by 13.8% in the first quarter. Kestra Advisory Services LLC now owns 12,982 shares of the company’s stock worth $445,000 after purchasing an additional 1,573 shares in the last quarter. RFG Advisory LLC raised its position in OneAscent Large Cap Core ETF by 8.1% in the first quarter. RFG Advisory LLC now owns 83,994 shares of the company’s stock worth $2,879,000 after purchasing an additional 6,314 shares in the last quarter. SHP Wealth Management acquired a new position in OneAscent Large Cap Core ETF in the fourth quarter worth about $158,000. Jane Street Group LLC acquired a new position in OneAscent Large Cap Core ETF in the fourth quarter worth about $676,000. Finally, LPL Financial LLC raised its position in OneAscent Large Cap Core ETF by 90.1% in the fourth quarter. LPL Financial LLC now owns 58,517 shares of the company’s stock worth $2,074,000 after purchasing an additional 27,740 shares in the last quarter.

About OneAscent Large Cap Core ETF

The OneAscent Large Cap Core ETF (OALC) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US large-cap companies screened and selected for its value-based philosophy and fundamental evaluation. The fund seeks capital appreciation. OALC was launched on Nov 16, 2021 and is managed by Oneascent.