Short Interest in ClearShares Ultra-Short Maturity ETF (NYSEARCA:OPER) Drops By 56.4%

ClearShares Ultra-Short Maturity ETF (NYSEARCA:OPER) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 4,289 shares, a drop of 56.4% from the April 30th total of 9,846 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 11,340 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ClearShares Ultra-Short Maturity ETF stock. Advisors Preferred LLC bought a new position in shares of ClearShares Ultra-Short Maturity ETF (NYSEARCA:OPER) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 484 shares of the company’s stock, valued at approximately $48,000.

ClearShares Ultra-Short Maturity ETF Stock Performance

Shares of NYSEARCA:OPER remained flat at $100.04 during mid-day trading on Monday. The company had a trading volume of 9,026 shares, compared to its average volume of 13,992. ClearShares Ultra-Short Maturity ETF has a 1-year low of $99.88 and a 1-year high of $100.54. The stock’s 50-day moving average price is $100.21 and its 200 day moving average price is $100.18.

About ClearShares Ultra-Short Maturity ETF

The ClearShares Ultra-Short Maturity ETF (OPER) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio seeking current income by investing primarily in repurchase agreements, with a portfolio maturity of less than one year. OPER was launched on Jul 11, 2018 and is managed by ClearShares.