Bluemonte Large Cap Value ETF (NYSEARCA:BVAL) Stock Short Interest Jumps 316.3%

Bluemonte Large Cap Value ETF (NYSEARCA:BVAL) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 39,182 shares, a growth of 316.3% from the August 31st total of 9,413 shares. Based on an average daily volume of 38,840 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the shares of the company are short sold.

Bluemonte Large Cap Value ETF Price Performance

Shares of NYSEARCA:BVAL traded up $0.09 during trading on Friday, hitting $31.68. The company’s stock had a trading volume of 19,928 shares, compared to its average volume of 29,165. The company has a 50-day moving average of $31.90 and a 200-day moving average of $30.64. Bluemonte Large Cap Value ETF has a 12 month low of $26.57 and a 12 month high of $32.64.

About Bluemonte Large Cap Value ETF

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.