Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) Sees Significant Drop in Short Interest

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 17,252 shares, a decrease of 51.1% from the July 30th total of 35,286 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 68,877 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Adaptive Alpha Opportunities ETF

Hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors grew its stake 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 last quarter. Janney Montgomery Scott LLC lifted its position in shares of Adaptive Alpha Opportunities ETF by 17.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,830 shares of the company’s stock valued at $338,000 after buying an additional 1,727 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Adaptive Alpha Opportunities ETF by 6.6% during the third quarter. NewEdge Advisors LLC now owns 56,207 shares of the company’s stock valued at $1,725,000 after buying an additional 3,498 shares during the last quarter.

Adaptive Alpha Opportunities ETF Price Performance

NYSEARCA AGOX traded down $0.32 during midday trading on Friday, hitting $33.73. 5,183 shares of the company traded hands, compared to its average volume of 77,137. The company has a market cap of $380.47 million, a PE ratio of 28.68 and a beta of 1.08. The company’s 50-day simple moving average is $33.99 and its 200-day simple moving average is $31.98. Adaptive Alpha Opportunities ETF has a 52 week low of $25.65 and a 52 week high of $35.80.

About Adaptive Alpha Opportunities ETF

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.