Militia Long/Short Equity ETF (ORR)Long-Short Equity | Exchange Traded Fund | NasdaqGM
38.60 USD
+0.29
(0.764%)
⇧
(Oct. 15, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 4:02 a.m. EDT
The Militia Long/Short Equity ETF presents a classic case of a speculative vehicle lacking the infrastructure for traditional investing. While the recent price action shows resilience, trading near its 52-week highs, the underlying data reveals a critical flaw: there is no dividend history whatsoever. For an income-oriented investor, this is a hard stop. Furthermore, the options market is screaming caution; the overwhelming presence of out-of-the-money puts suggests traders are hedging against a fall, not betting on a surge. The statistical forecast offers only a modest upward lean with moderate confidence, which fails to overcome the lack of yield and the defensive posture of retail speculators. Until the fund demonstrates a consistent track record of alpha generation beyond the underlying market moves, it remains a neutral hold suitable only for aggressive capital allocation, not core portfolios. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.015414 |
| AutoETS | 0.024337 |
| AutoARIMA | 0.024744 |
| MSTL | 0.025772 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 60% |
| H-stat | 2.68 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.547 |
| Excess Kurtosis | -0.36 |
| Attribute | Value |
|---|---|
| Trailing P/E | 12.92 |
As of Oct. 10, 2026, 4:02 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume and open interest across near-term expirations, while call activity is sparse and concentrated in lower strikes. The implied volatility skew shows significantly higher premiums for downside protection compared to upside bets, indicating a market consensus expecting potential volatility or a drop rather than a rally.
| Attribute | Value |
|---|---|
| All Time High | 39.8 |
| All Time Low | 25.63 |
| Ask | 47.62 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 44,120 |
| Average Daily Volume3 Month | 53,506 |
| Average Volume | 53,506 |
| Average Volume10Days | 44,120 |
| Beta3 Year | 0.0 |
| Bid | 31.42 |
| Bid Size | 2 |
| Category | Long-Short Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 38.66 |
| Day Low | 38.15 |
| Dividend Yield | 0.0 |
| Eps Trailing Twelve Months | 2.987607 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 38.51072 |
| Fifty Day Average Change | 0.0918808 |
| Fifty Day Average Change Percent | 0.00238585 |
| Fifty Two Week Change Percent | 23.80693 |
| Fifty Two Week High | 39.8 |
| Fifty Two Week High Change | -1.1973991 |
| Fifty Two Week High Change Percent | -0.030085405 |
| Fifty Two Week Low | 31.09 |
| Fifty Two Week Low Change | 7.5126 |
| Fifty Two Week Low Change Percent | 0.24164039 |
| Fifty Two Week Range | 31.09 - 39.8 |
| First Trade Date Milliseconds | 1,736,951,400,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | 0.29259872 |
| Fullday Change Percent | 0.76322 |
| Fullday Price | 38.6026 |
| Fund Family | Militia Investments, LLC |
| Fund Inception Date | 1,736,812,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-01-15 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in both long and short positions in equity securities or ETFs that Militia Investments, LLC, the sub-adviser to the fund (the “Sub-Adviser”), believes offer the potential for capital appreciation. The fund is non-diversified. |
| Long Name | Militia Long/Short Equity ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1912963953 |
| Nav Price | 38.3517 |
| Net Assets | 345,435,520.0 |
| Net Expense Ratio | 10.91 |
| Open | 38.18 |
| Previous Close | 38.31 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.29259872 |
| Regular Market Change Percent | 0.76376593 |
| Regular Market Day High | 38.66 |
| Regular Market Day Low | 38.15 |
| Regular Market Day Range | 38.15 - 38.66 |
| Regular Market Open | 38.18 |
| Regular Market Previous Close | 38.31 |
| Regular Market Price | 38.6026 |
| Regular Market Time | 1,792,094,400 |
| Regular Market Volume | 25,092 |
| Short Name | Militia Long/Short Equity ETF |
| Source Interval | 15 |
| Symbol | ORR |
| Total Assets | 345,435,520 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 12.92091 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 3.88632 |
| Trailing Three Month Returns | 3.88632 |
| Triggerable | 1 |
| Two Hundred Day Average | 37.10182 |
| Two Hundred Day Average Change | 1.5007782 |
| Two Hundred Day Average Change Percent | 0.040450256 |
| Type Disp | ETF |
| Volume | 25,092 |
| Yield | 0.0 |
| Ytd Return | 11.41824 |