OneAscent International Equity ETF (NYSEARCA:OAIM) Sees Significant Decline in Short Interest

OneAscent International Equity ETF (NYSEARCA:OAIM) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 48,321 shares, a decline of 45.6% from the July 30th total of 88,764 shares. Based on an average trading volume of 14,906 shares, the short-interest ratio is currently 3.2 days. Approximately 0.6% of the shares of the stock are short sold.

OneAscent International Equity ETF Stock Down 0.3%

OAIM traded down $0.15 during midday trading on Friday, reaching $48.25. 18,010 shares of the company’s stock were exchanged, compared to its average volume of 26,899. The business has a 50-day simple moving average of $47.05 and a two-hundred day simple moving average of $46.04. The firm has a market capitalization of $377.31 million, a price-to-earnings ratio of 16.77 and a beta of 0.74. OneAscent International Equity ETF has a one year low of $38.45 and a one year high of $50.31.

Hedge Funds Weigh In On OneAscent International Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Financial Management LLC bought a new position in OneAscent International Equity ETF during the 4th quarter valued at about $1,142,000. EverSource Wealth Advisors LLC increased its stake in shares of OneAscent International Equity ETF by 100.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 30,491 shares of the company’s stock valued at $1,313,000 after buying an additional 15,297 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of OneAscent International Equity ETF during the third quarter worth $330,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of OneAscent International Equity ETF by 178,333.3% during the third quarter. JPMorgan Chase & Co. now owns 5,353 shares of the company’s stock valued at $215,000 after acquiring an additional 5,350 shares during the period.

About OneAscent International Equity ETF

The OneAscent International Equity ETF (OAIM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in an equity portfolio of large- and mid-cap non-US companies. The fund combines an ESG screening methodology with its fundamental investment process OAIM was launched on Sep 15, 2022 and is managed by Oneascent.