OneAscent Core Plus Bond ETF (NYSEARCA:OACP) Sees Large Drop in Short Interest

OneAscent Core Plus Bond ETF (NYSEARCA:OACP) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 22,815 shares, a decrease of 59.7% from the February 26th total of 56,649 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 37,957 shares, the days-to-cover ratio is currently 0.6 days.

OneAscent Core Plus Bond ETF Price Performance

OneAscent Core Plus Bond ETF stock opened at $22.79 on Thursday. OneAscent Core Plus Bond ETF has a fifty-two week low of $22.14 and a fifty-two week high of $23.77. The stock has a fifty day moving average of $23.04 and a two-hundred day moving average of $23.10.

OneAscent Core Plus Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Thursday, February 26th were given a dividend of $0.0756 per share. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 4.0%. This is a boost from OneAscent Core Plus Bond ETF’s previous monthly dividend of $0.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of OneAscent Core Plus Bond ETF by 107.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,923 shares of the company’s stock worth $90,000 after purchasing an additional 2,035 shares during the last quarter. Winnow Wealth LLC acquired a new position in shares of OneAscent Core Plus Bond ETF in the third quarter valued at approximately $154,000. Finally, Strategic Blueprint LLC raised its position in shares of OneAscent Core Plus Bond ETF by 13.3% in the third quarter. Strategic Blueprint LLC now owns 19,375 shares of the company’s stock valued at $447,000 after buying an additional 2,274 shares during the last quarter.

About OneAscent Core Plus Bond ETF

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.