Gotham Short Strategies ETF (NYSEARCA:SHRT) Sees Large Drop in Short Interest

Gotham Short Strategies ETF (NYSEARCA:SHRT) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 699 shares, a drop of 75.4% from the June 15th total of 2,846 shares. Based on an average daily volume of 1,422 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Gotham Short Strategies ETF

A hedge fund recently raised its position in Gotham Short Strategies ETF stock. Hara Capital LLC grew its stake in shares of Gotham Short Strategies ETF (NYSEARCA:SHRT) by 59.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,727 shares of the company’s stock after buying an additional 17,446 shares during the period. Hara Capital LLC owned 1.93% of Gotham Short Strategies ETF worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Gotham Short Strategies ETF Trading Down 0.3%

SHRT traded down $0.02 on Monday, hitting $6.41. 12 shares of the company’s stock traded hands, compared to its average volume of 7,757. The company’s 50 day simple moving average is $6.41 and its 200-day simple moving average is $6.95. The firm has a market cap of $14.55 million, a price-to-earnings ratio of 16.97 and a beta of -0.57. Gotham Short Strategies ETF has a one year low of $6.07 and a one year high of $7.80.

About Gotham Short Strategies ETF

The Gotham Short Strategies ETF (SHRT) is an exchange-traded fund that mostly invests in total market equity. The fund takes both long and short positions in US-listed stocks and swaps. The actively managed fund will typically be 50% net short exposure. SHRT was launched on Feb 1, 2008 and is issued by Tidal.