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

Overlay Shares Municipal Bond ETF (BATS:OVM) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 9,953 shares, an increase of 217.7% from the September 15th total of 3,133 shares. Based on an average daily volume of 13,315 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the shares of the stock are sold short.

Overlay Shares Municipal Bond ETF Price Performance

BATS OVM opened at $20.64 on Wednesday. The business has a fifty day moving average price of $20.97 and a two-hundred day moving average price of $21.42. Overlay Shares Municipal Bond ETF has a fifty-two week low of $20.15 and a fifty-two week high of $22.19. The stock has a market capitalization of $42.52 million, a PE ratio of 23.80 and a beta of 0.38.

About Overlay Shares Municipal Bond ETF

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.