FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) Sees Significant Drop in Short Interest

FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 45,148 shares, a decrease of 35.9% from the April 15th total of 70,406 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 19,954 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Trading of FundX Future Fund Opportunities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Thryve Wealth Management LLC acquired a new stake in shares of FundX Future Fund Opportunities ETF during the 4th quarter worth approximately $377,000. EP Wealth Advisors LLC acquired a new stake in shares of FundX Future Fund Opportunities ETF during the 4th quarter worth approximately $255,000. Capital Analysts LLC grew its holdings in FundX Future Fund Opportunities ETF by 59.3% in the 4th quarter. Capital Analysts LLC now owns 158,295 shares of the company’s stock worth $4,317,000 after buying an additional 58,922 shares in the last quarter. One Capital Management LLC grew its holdings in FundX Future Fund Opportunities ETF by 8.0% in the 4th quarter. One Capital Management LLC now owns 5,493,862 shares of the company’s stock worth $149,818,000 after buying an additional 405,849 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in FundX Future Fund Opportunities ETF by 1,335.2% in the 3rd quarter. National Bank of Canada FI now owns 143,898 shares of the company’s stock worth $3,953,000 after buying an additional 133,872 shares in the last quarter.

FundX Future Fund Opportunities ETF Stock Performance

Shares of FundX Future Fund Opportunities ETF stock traded up $0.05 on Monday, reaching $27.33. 8,799 shares of the company were exchanged, compared to its average volume of 23,583. The company’s 50-day moving average is $27.66 and its two-hundred day moving average is $28.00. The firm has a market cap of $207.43 million, a price-to-earnings ratio of 30.45 and a beta of 1.50. FundX Future Fund Opportunities ETF has a 1-year low of $24.75 and a 1-year high of $29.64.

FundX Future Fund Opportunities ETF Company Profile

The Future Fund Opportunities ETF is an actively managed ETF that, under normal market conditions, will primarily invest in the equity securities of companies that the Adviser believes to be best positioned to take advantage of long-term megatrends. Long-term megatrends are driven by changes in technology, consumer preferences, demographics, and environmental sustainability, which can lead to significant increases in their markets, earnings trajectories, and market capitalizations.