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

The Acquirers Fund (NYSEARCA:ZIG) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 8,518 shares, a growth of 1,065.3% from the June 15th total of 731 shares. Based on an average trading volume of 941 shares, the days-to-cover ratio is currently 9.1 days. Currently, 1.1% of the shares of the company are sold short.

The Acquirers Fund Price Performance

Shares of ZIG stock traded up $0.39 on Friday, hitting $38.93. 301 shares of the stock traded hands, compared to its average volume of 1,648. The company’s fifty day moving average is $39.19 and its 200 day moving average is $38.88. The Acquirers Fund has a 1-year low of $34.66 and a 1-year high of $40.57. The company has a market capitalization of $31.14 million, a PE ratio of 9.01 and a beta of 0.99.

About The Acquirers Fund

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.