OVM Short Interest
Overlay Shares Municipal Bond ETF (OVM) operates in the Financial Services sector, specifically the Asset Management - Bonds industry, with a market capitalization near $36.1M, listed on CBOE, carrying a beta of 1.24 to the broader market. The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund. public since 2019-10-01.
Short interest is the total number of shares currently sold short and not yet covered, reported bi-monthly by FINRA. Days to cover (short interest divided by average daily volume) indicates how long it would take short sellers to close positions, with higher values signaling greater squeeze potential.
- Settlement Date
- 2026-05-15
- Short Interest
- 14.1K
- Previous Short Interest
- 19.5K
- Change
- -27.57%
- Days to Cover
- 1.14
- Avg Daily Volume
- 12.3K
- Avg Days to Cover (24 reports)
- 1.21
Showing 24 bi-monthly FINRA short interest reports for Overlay Shares Municipal Bond ETF.
Learn how short interest is reported and how to read the data →
Frequently asked OVM short interest questions
- What is the current OVM short interest?
- As of the May 15, 2026 settlement, Overlay Shares Municipal Bond ETF (OVM) short interest is 14.1K shares, a -27.57% change from the prior period. FINRA publishes short interest twice monthly on the 15th and last business day of each month under Rule 4560.
- What is the OVM days-to-cover ratio?
- Days-to-cover is 1.14, calculated as short interest divided by average daily volume. It estimates how many trading days closing all short positions would consume given typical liquidity. Values above 5 days are commonly cited as elevated; values above 10 days are squeeze-relevant.
- How does OVM short interest affect options pricing?
- High short interest changes options pricing through three mechanics: borrow-rebate effects (synthetic long stock trades below frictionless put-call parity by approximately the borrow rebate when shares are hard-to-borrow), gamma-squeeze setup risk (if dealers are short gamma against retail call buying, dealer hedge flow can amplify upward moves), and elevated event-vol pricing on names with squeeze potential. See the canonical short-interest documentation for the full mechanism.