Overlay Shares Municipal Bond ETF (BATS:OVM) Shares Shorted: Short Interest Up 217.7% in September

Overlay Shares Municipal Bond ETF (BATS:OVM) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 9,953 shares, an increase of 217.7% from the September 15th total of 3,133 shares. Based on an average daily volume of 13,315 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are sold short.

Overlay Shares Municipal Bond ETF Trading Up 0.0%

OVM stock opened at $20.51 on Tuesday. The stock has a market cap of $42.25 million, a P/E ratio of 23.80 and a beta of 0.38. The stock’s fifty day simple moving average is $20.99 and its two-hundred day simple moving average is $21.43. Overlay Shares Municipal Bond ETF has a 1-year low of $20.15 and a 1-year high of $22.19.

About Overlay Shares Municipal Bond ETF

The Overlay Shares Municipal Bond ETF (OVM) is an exchange-traded fund that is based on the Bloomberg Municipal Bond index. The fund is actively managed to provide exposure to U.S. municipal bonds combined with a U.S OVM was launched on Sep 30, 2019 and is managed by Overlay Shares.