OneAscent Core Plus Bond ETF (NYSEARCA:OACP) Sees Significant Increase in Short Interest

OneAscent Core Plus Bond ETF (NYSEARCA:OACP) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 31,019 shares, an increase of 104.2% from the December 31st total of 15,192 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 32,617 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 32,617 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OACP. EverSource Wealth Advisors LLC acquired a new stake in shares of OneAscent Core Plus Bond ETF during the 3rd quarter worth about $44,000. Winnow Wealth LLC acquired a new stake in shares of OneAscent Core Plus Bond ETF in the third quarter worth approximately $154,000. Finally, Strategic Blueprint LLC acquired a new stake in shares of OneAscent Core Plus Bond ETF during the second quarter valued at about $390,000.

OneAscent Core Plus Bond ETF Price Performance

OACP stock remained flat at $23.02 during trading on Friday. 1,936 shares of the company’s stock were exchanged, compared to its average volume of 32,042. The stock has a 50-day simple moving average of $23.09 and a 200 day simple moving average of $23.04. OneAscent Core Plus Bond ETF has a one year low of $22.14 and a one year high of $23.77.

OneAscent Core Plus Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 3rd. Stockholders of record on Thursday, January 29th will be paid a $0.075 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Thursday, January 29th.

OneAscent Core Plus Bond ETF Company Profile

The OneAscent Core Plus Bond ETF (OACP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that provides exposure to debt securities of any maturity while applying special consideration to values-based and proprietary impact criteria. OACP was launched on Mar 30, 2022 and is managed by Oneascent.