Overlay Shares Municipal Bond ETF (BATS:OVM) Sees Large Growth in Short Interest

Overlay Shares Municipal Bond ETF (BATS:OVM) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 3,624 shares, an increase of 731.2% from the August 15th total of 436 shares. Based on an average daily volume of 14,244 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Overlay Shares Municipal Bond ETF Stock Performance

Shares of OVM stock opened at $20.88 on Friday. The company has a market capitalization of $43.01 million, a P/E ratio of 23.80 and a beta of 0.38. The company’s 50 day moving average price is $21.38 and its two-hundred day moving average price is $21.60. Overlay Shares Municipal Bond ETF has a 52 week low of $20.70 and a 52 week high of $22.19.

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.