The Acquirers Fund (NYSEARCA:ZIG) Sees Significant Growth in Short Interest

The Acquirers Fund (NYSEARCA:ZIG) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 731 shares, a growth of 95.5% from the May 31st total of 374 shares. Based on an average trading volume of 860 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

The Acquirers Fund Price Performance

Shares of ZIG stock traded down $0.16 during midday trading on Wednesday, hitting $38.95. The company had a trading volume of 4,205 shares, compared to its average volume of 1,691. The stock has a market cap of $31.94 million, a price-to-earnings ratio of 9.01 and a beta of 0.99. The company’s 50 day simple moving average is $39.35 and its 200 day simple moving average is $38.84. The Acquirers Fund has a 52-week low of $34.66 and a 52-week high of $40.57.

The Acquirers Fund Company Profile

The Acquirers Fund ETF (ZIG) is an exchange-traded fund that is based on the ZIG-US – No underlying index. The fund is an actively-managed portfolio of equity securities issued by US-listed companies that exhibit strong fundamentals and value characteristics. ZIG was launched on May 15, 2019 and is managed by Acquirers Fund.