TrueShares Structured Outcome (November) ETF (BATS:NOVZ) Trading Down 0.2% – Here’s What Happened

Shares of TrueShares Structured Outcome (November) ETF (BATS:NOVZ) dropped 0.2% during mid-day trading on Monday . The company traded as low as $46.75 and last traded at $46.75. Approximately 168 shares traded hands during trading, a decline of 94% from the average session volume of 2,917 shares. The stock had previously closed at $46.86.

TrueShares Structured Outcome (November) ETF Stock Performance

The company has a 50 day moving average price of $46.95 and a 200 day moving average price of $45.07. The company has a market capitalization of $34.59 million, a price-to-earnings ratio of 24.25 and a beta of 0.76.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TrueShares Structured Outcome (November) ETF stock. JPMorgan Chase & Co. acquired a new stake in shares of TrueShares Structured Outcome (November) ETF (BATS:NOVZ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,488 shares of the company’s stock, valued at approximately $146,000. JPMorgan Chase & Co. owned approximately 0.47% of TrueShares Structured Outcome (November) ETF as of its most recent SEC filing.

TrueShares Structured Outcome (November) ETF Company Profile

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. NOVZ was launched on Oct 30, 2020 and is managed by TrueShares.