Twin Oak Short Horizon Absolute Return ETF (NYSEARCA:TOAK) Sees Significant Growth in Short Interest

Twin Oak Short Horizon Absolute Return ETF (NYSEARCA:TOAK) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 278 shares, a growth of 2,427.3% from the April 15th total of 11 shares. Based on an average daily trading volume, of 5,101 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Twin Oak Short Horizon Absolute Return ETF Trading Down 1.8%

NYSEARCA:TOAK traded down $0.52 during midday trading on Wednesday, hitting $28.75. 8,101 shares of the company traded hands, compared to its average volume of 12,634. The firm’s fifty day moving average is $28.63 and its 200-day moving average is $28.46. Twin Oak Short Horizon Absolute Return ETF has a 12-month low of $27.65 and a 12-month high of $29.36. The firm has a market capitalization of $79.35 million, a P/E ratio of 27.66 and a beta of 0.05.

About Twin Oak Short Horizon Absolute Return ETF

The Twin Oak Short Horizon Absolute Return ETF (TOAK) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is actively managed, aiming to provide capital appreciation with stable returns. The fund uses a mix of long puts, long calls, and debit spread options with less than 1 year to expiration to pursue its investment strategy. TOAK was launched on Aug 19, 2024 and is issued by Twin Oak.