Gotham Short Strategies ETF (NYSEARCA:SHRT) Sees Large Growth in Short Interest

Gotham Short Strategies ETF (NYSEARCA:SHRT) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 39,536 shares, an increase of 470.0% from the October 15th total of 6,936 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily volume of 14,264 shares, the days-to-cover ratio is currently 2.8 days.

Gotham Short Strategies ETF Stock Up 0.4%

Shares of SHRT stock traded up $0.03 during trading on Thursday, hitting $7.00. The company had a trading volume of 1,859 shares, compared to its average volume of 8,819. The stock’s 50-day moving average is $6.84 and its two-hundred day moving average is $6.80. The stock has a market capitalization of $12.88 million, a price-to-earnings ratio of 16.97 and a beta of -0.61. Gotham Short Strategies ETF has a 52 week low of $6.07 and a 52 week high of $7.65.

Gotham Short Strategies ETF Company Profile

The Gotham Short Strategies ETF (SHRT) is an exchange-traded fund that mostly invests in total market equity. The fund takes both long and short positions in US-listed stocks and swaps. The actively managed fund will typically be 50% net short exposure. SHRT was launched on Feb 1, 2008 and is issued by Tidal.