OneAscent Large Cap Core ETF (NYSEARCA:OALC) Short Interest Up 71.9% in January

OneAscent Large Cap Core ETF (NYSEARCA:OALC) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 22,883 shares, an increase of 71.9% from the December 31st total of 13,315 shares. Based on an average trading volume of 13,066 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 13,066 shares, the days-to-cover ratio is currently 1.8 days.

OneAscent Large Cap Core ETF Stock Performance

Shares of NYSEARCA:OALC traded down $0.29 during midday trading on Friday, reaching $36.14. 12,370 shares of the company’s stock traded hands, compared to its average volume of 19,514. The company has a market cap of $201.30 million, a P/E ratio of 25.77 and a beta of 0.93. OneAscent Large Cap Core ETF has a 1 year low of $25.05 and a 1 year high of $36.82. The company has a fifty day simple moving average of $35.79 and a two-hundred day simple moving average of $34.82.

OneAscent Large Cap Core ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, January 5th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.2152 per share. This represents a yield of 60.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in OALC. Values First Advisors Inc. purchased a new position in OneAscent Large Cap Core ETF during the third quarter worth about $139,000. Equitable Holdings Inc. bought a new position in shares of OneAscent Large Cap Core ETF in the third quarter valued at approximately $247,000. Plan A Wealth LLC acquired a new position in OneAscent Large Cap Core ETF in the third quarter worth about $282,000. Security Financial Services INC. acquired a new stake in shares of OneAscent Large Cap Core ETF in the 3rd quarter valued at $341,000. Finally, Envestnet Asset Management Inc. bought a new stake in OneAscent Large Cap Core ETF during the 2nd quarter worth approximately $417,000.

OneAscent Large Cap Core ETF Company Profile

The OneAscent Large Cap Core ETF (OALC) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US large-cap companies screened and selected for its value-based philosophy and fundamental evaluation. The fund seeks capital appreciation. OALC was launched on Nov 16, 2021 and is managed by Oneascent.