AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL) Sees Large Growth in Short Interest

AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 968,046 shares, a growth of 238.1% from the July 15th total of 286,322 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 799,324 shares, the short-interest ratio is presently 1.2 days.

AGF U.S. Market Neutral Anti-Beta Fund Price Performance

NYSEARCA BTAL traded down $0.14 during trading hours on Thursday, reaching $11.79. 130,727 shares of the stock traded hands, compared to its average volume of 824,752. The company has a market cap of $296.98 million, a price-to-earnings ratio of 17.67 and a beta of -0.64. AGF U.S. Market Neutral Anti-Beta Fund has a 1 year low of $10.86 and a 1 year high of $17.36. The stock has a 50 day simple moving average of $11.70 and a two-hundred day simple moving average of $12.75.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Triumph Capital Management bought a new stake in AGF U.S. Market Neutral Anti-Beta Fund in the third quarter valued at approximately $70,000. J.Safra Asset Management Corp grew its position in shares of AGF U.S. Market Neutral Anti-Beta Fund by 10.0% in the 4th quarter. J.Safra Asset Management Corp now owns 8,142 shares of the company’s stock worth $117,000 after buying an additional 741 shares during the period. Advisory Services Network LLC grew its holdings in AGF U.S. Market Neutral Anti-Beta Fund by 2,091.7% in the fourth quarter. Advisory Services Network LLC now owns 329,604 shares of the company’s stock worth $4,743,000 after purchasing an additional 314,565 shares during the period. PMV Capital Advisers LLC increased its stake in shares of AGF U.S. Market Neutral Anti-Beta Fund by 14.0% during the first quarter. PMV Capital Advisers LLC now owns 246,621 shares of the company’s stock valued at $3,443,000 after purchasing an additional 30,234 shares in the last quarter. Finally, Worth Asset Management LLC lifted its holdings in shares of AGF U.S. Market Neutral Anti-Beta Fund by 20.5% during the first quarter. Worth Asset Management LLC now owns 30,472 shares of the company’s stock valued at $425,000 after purchasing an additional 5,190 shares during the last quarter.

AGF U.S. Market Neutral Anti-Beta Fund Company Profile

The AGFiQ U.S. Market Neutral Anti-Beta Fund (BTAL) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an actively managed fund that takes long positions in low beta US stocks, offset by short positions in high beta US stocks. BTAL was launched on Sep 13, 2011 and is managed by AGF.