Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) Sees Large Increase in Short Interest

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 24,357 shares, a growth of 197.4% from the May 31st total of 8,190 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 41,003 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Adaptive Alpha Opportunities ETF

Several institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake in shares of Adaptive Alpha Opportunities ETF by 11.2% in the fourth quarter. NewEdge Advisors LLC now owns 62,519 shares of the company’s stock valued at $1,786,000 after acquiring an additional 6,312 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Adaptive Alpha Opportunities ETF by 3.2% in the fourth quarter. Captrust Financial Advisors now owns 15,245 shares of the company’s stock valued at $435,000 after purchasing an additional 467 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in Adaptive Alpha Opportunities ETF by 17.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,830 shares of the company’s stock worth $338,000 after purchasing an additional 1,727 shares in the last quarter.

Adaptive Alpha Opportunities ETF Trading Down 1.9%

AGOX traded down $0.65 during trading hours on Friday, hitting $34.01. 23,531 shares of the company’s stock were exchanged, compared to its average volume of 82,260. Adaptive Alpha Opportunities ETF has a 12-month low of $25.65 and a 12-month high of $35.51. The firm has a 50 day moving average of $33.78 and a 200 day moving average of $30.63. The firm has a market cap of $386.69 million, a P/E ratio of 28.68 and a beta of 1.07.

Adaptive Alpha Opportunities ETF Company Profile

The Adaptive Alpha Opportunities ETF (AGOX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed, multi-asset fund that tactically allocates for capital appreciation. AGOX was launched on Sep 20, 2012 and is managed by Adaptive.