Militia Long/Short Equity ETF (NASDAQ:ORR) Sees Large Decrease in Short Interest

Militia Long/Short Equity ETF (NASDAQ:ORR) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 55,416 shares, a decline of 35.4% from the June 15th total of 85,720 shares. Based on an average daily trading volume, of 91,328 shares, the short-interest ratio is presently 0.6 days. Approximately 0.6% of the shares of the company are short sold.

Militia Long/Short Equity ETF Trading Down 0.7%

Shares of ORR traded down $0.27 on Friday, reaching $36.67. 25,088 shares of the company’s stock traded hands, compared to its average volume of 234,307. The stock has a market cap of $343.96 million, a PE ratio of 11.19 and a beta of 0.05. The stock’s 50 day simple moving average is $36.41 and its two-hundred day simple moving average is $36.52. Militia Long/Short Equity ETF has a 52-week low of $28.76 and a 52-week high of $39.39.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Militia Long/Short Equity ETF stock. Janney Montgomery Scott LLC bought a new position in shares of Militia Long/Short Equity ETF (NASDAQ:ORR) during the first quarter, according to its most recent filing with the SEC. The fund bought 14,206 shares of the company’s stock, valued at approximately $518,000. Janney Montgomery Scott LLC owned 0.12% of Militia Long/Short Equity ETF at the end of the most recent reporting period.

About Militia Long/Short Equity ETF

The Militia Long/Short Equity ETF (ORR) is an exchange-traded fund that mostly invests in long/short alternatives. The fund is an actively managed, high turnover, long/short global equity fund. The long side aims to establish positions in companies in Developed Markets outside of the US with strong expected future cash flows ORR was launched on Jan 15, 2025 and is issued by Militia.