TrueShares Structured Outcome (November) ETF (BATS:NOVZ) Trading Down 0.1% – Time to Sell?

TrueShares Structured Outcome (November) ETF (BATS:NOVZ)’s stock price dropped 0.1% during mid-day trading on Monday . The stock traded as low as $45.4286 and last traded at $45.2650. Approximately 7 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 3,620 shares. The stock had previously closed at $45.2880.

TrueShares Structured Outcome (November) ETF Stock Down 0.1%

The company has a market capitalization of $33.50 million, a price-to-earnings ratio of 24.25 and a beta of 0.76. The company has a 50-day moving average price of $44.84 and a 200-day moving average price of $43.12.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TrueShares Structured Outcome (November) ETF stock. OLD Mission Capital LLC acquired a new position in shares of TrueShares Structured Outcome (November) ETF (BATS:NOVZ) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,092 shares of the company’s stock, valued at approximately $625,000. OLD Mission Capital LLC owned approximately 2.51% of TrueShares Structured Outcome (November) ETF as of its most recent SEC filing.

About TrueShares Structured Outcome (November) ETF

The TrueShares Structured Outcome (November) ETF (NOVZ) is an exchange-traded fund that is based on the S&P 500 Price index. The fund aims for specific buffered losses on the S&P 500 over a specific holdings period with uncapped gains, subject to strategy costs. The actively-managed fund holds options and collateral.