AXS Green Alpha ETF (NYSEARCA:NXTE) Sees Significant Growth in Short Interest

AXS Green Alpha ETF (NYSEARCA:NXTE) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,795 shares, an increase of 200.5% from the June 30th total of 1,263 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 6,710 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On AXS Green Alpha ETF

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada acquired a new position in AXS Green Alpha ETF in the 1st quarter valued at $58,000. Invested Advisors acquired a new stake in shares of AXS Green Alpha ETF in the 4th quarter worth $219,000. PFG Investments LLC acquired a new stake in shares of AXS Green Alpha ETF in the 1st quarter worth $232,000. Susquehanna International Group LLP purchased a new stake in shares of AXS Green Alpha ETF in the third quarter valued at about $582,000. Finally, Jane Street Group LLC purchased a new stake in shares of AXS Green Alpha ETF in the second quarter valued at about $696,000.

AXS Green Alpha ETF Price Performance

Shares of NXTE stock traded down $0.92 during midday trading on Monday, hitting $44.76. The company had a trading volume of 8,007 shares, compared to its average volume of 2,847. The company’s 50 day simple moving average is $49.90 and its 200 day simple moving average is $44.83. AXS Green Alpha ETF has a 52-week low of $33.52 and a 52-week high of $54.97. The stock has a market cap of $49.24 million, a price-to-earnings ratio of 27.52 and a beta of 1.56.

AXS Green Alpha ETF Company Profile

The Axs Green Alpha ETF (NXTE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively seeks long-term capital appreciation by targeting global all-cap companies focused towards a sustainable environment and economy. Securities are selected based on their contribution to the four pillars of sustainability, whilst exhibiting both growth and value characteristics. NXTE was launched on Sep 27, 2022 and is managed by AXS Investments.