ORR Short Volume

Militia Long/Short Equity ETF (ORR) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $36.0M, listed on NASDAQ, carrying a beta of 0.09 to the broader market. ORR is an actively managed ETF aiming for capital appreciation through both long and short equity positions. public since 2007-07-11.

Short volume measures the number of shares sold short on a given day as reported by FINRA. Tracking short volume relative to total volume helps identify unusual bearish sentiment or short-squeeze potential.

Latest Date
2026-05-15
Short Volume
9.8K
Total Volume
35.3K
Short %
27.71%
30-Day Avg Short %
23.88%

Showing 30 days of FINRA short volume data for Militia Long/Short Equity ETF.

Learn how short volume is reported and how to read the data →

Frequently asked ORR short volume questions

What is the daily ORR short volume?
As of May 15, 2026, Militia Long/Short Equity ETF (ORR) short volume is 9.8K shares against 35.3K total reported volume, or 27.71% short-side. Short volume measures shares sold short during the day; it is flow, not inventory.
How is ORR short volume reported?
FINRA publishes the Daily Short Sale Volume File for trades reported to FINRA TRFs and the FINRA/Nasdaq ADF on a T+1 basis. The headline figure is the count of shares that printed at the short-sale or short-exempt tick across all reporting venues for the symbol; each exchange separately publishes its own daily short-sale data file.
What does ORR short volume tell options traders?
Daily short-sale flow is one input that helps disambiguate dealer-hedging activity from directional bear flow when the chain shows fresh customer call inventory. It is not a clean MM-only proxy: the headline number mixes directional shorting, options-MM delta-hedging, ETF-creation arbitrage, and convertible-arb hedging. Cross-check against gamma-exposure and OI changes for a cleaner read.