ClearShares Ultra-Short Maturity ETF (NYSEARCA:OPER) Sees Significant Drop in Short Interest
by Teresa Graham · The Cerbat GemClearShares Ultra-Short Maturity ETF (NYSEARCA:OPER – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 4,289 shares, a drop of 56.4% from the April 30th total of 9,846 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 11,340 shares, the days-to-cover ratio is presently 0.4 days.
Hedge Funds Weigh In On ClearShares Ultra-Short Maturity ETF
An institutional investor recently raised its position in ClearShares Ultra-Short Maturity ETF stock. JPMorgan Chase & Co. boosted its position in shares of ClearShares Ultra-Short Maturity ETF (NYSEARCA:OPER – Free Report) by 128.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,989 shares of the company’s stock after purchasing an additional 3,373 shares during the period. JPMorgan Chase & Co. owned about 0.44% of ClearShares Ultra-Short Maturity ETF worth $600,000 at the end of the most recent reporting period.
ClearShares Ultra-Short Maturity ETF Stock Performance
ClearShares Ultra-Short Maturity ETF stock remained flat at $100.04 during mid-day trading on Tuesday. The company had a trading volume of 9,026 shares, compared to its average volume of 13,992. The company has a fifty day moving average price of $100.21 and a 200 day moving average price of $100.18. ClearShares Ultra-Short Maturity ETF has a twelve month low of $99.88 and a twelve month high of $100.54.
ClearShares Ultra-Short Maturity ETF Company Profile
The ClearShares Ultra-Short Maturity ETF (OPER) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio seeking current income by investing primarily in repurchase agreements, with a portfolio maturity of less than one year. OPER was launched on Jul 11, 2018 and is managed by ClearShares.