Running Oak Efficient Growth ETF (NASDAQ:RUNN) Sees Significant Increase in Short Interest

Running Oak Efficient Growth ETF (NASDAQ:RUNN) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 19,323 shares, a growth of 586.9% from the May 14th total of 2,813 shares. Based on an average daily trading volume, of 64,395 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Running Oak Efficient Growth ETF Stock Performance

Shares of NASDAQ:RUNN traded up $0.21 during midday trading on Friday, reaching $32.63. 17,391 shares of the company’s stock traded hands, compared to its average volume of 49,689. Running Oak Efficient Growth ETF has a 1 year low of $31.45 and a 1 year high of $35.19. The company has a market cap of $359.91 million, a P/E ratio of 25.29 and a beta of 0.72. The company has a fifty day simple moving average of $32.80 and a two-hundred day simple moving average of $33.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RUNN. NewEdge Advisors LLC lifted its holdings in Running Oak Efficient Growth ETF by 228.3% in the 2nd quarter. NewEdge Advisors LLC now owns 45,758 shares of the company’s stock valued at $1,548,000 after purchasing an additional 31,820 shares in the last quarter. Osbon Capital Management LLC purchased a new position in Running Oak Efficient Growth ETF in the 4th quarter valued at $803,000. Cahill Financial Advisors Inc. lifted its holdings in Running Oak Efficient Growth ETF by 5.0% in the 4th quarter. Cahill Financial Advisors Inc. now owns 127,940 shares of the company’s stock valued at $4,266,000 after purchasing an additional 6,085 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in Running Oak Efficient Growth ETF by 3.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 16,590 shares of the company’s stock valued at $553,000 after purchasing an additional 476 shares in the last quarter.

About Running Oak Efficient Growth ETF

The Running Oak Efficient Growth ETF (RUNN) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in large- and mid-cap US stocks through a value and growth approach with a focus on downside volatility management. RUNN was launched on Jun 7, 2023 and is managed by ROC.