AXS Green Alpha ETF (NYSEARCA:NXTE) Short Interest Update

AXS Green Alpha ETF (NYSEARCA:NXTE) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,837 shares, a drop of 51.6% from the July 15th total of 3,795 shares. Based on an average daily volume of 3,977 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

AXS Green Alpha ETF Stock Up 1.0%

NXTE stock traded up $0.48 during midday trading on Monday, reaching $48.38. 1,167 shares of the company’s stock traded hands, compared to its average volume of 2,897. The company has a market cap of $53.22 million, a price-to-earnings ratio of 27.52 and a beta of 1.61. The firm’s fifty day moving average price is $48.93 and its 200-day moving average price is $45.31. AXS Green Alpha ETF has a 52 week low of $34.26 and a 52 week high of $54.97.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NXTE. Royal Bank of Canada acquired a new stake in shares of AXS Green Alpha ETF in the 1st quarter worth about $58,000. PFG Investments LLC acquired a new position in AXS Green Alpha ETF during the 1st quarter valued at about $232,000. Susquehanna International Group LLP bought a new stake in AXS Green Alpha ETF during the 3rd quarter worth approximately $582,000. Finally, Jane Street Group LLC bought a new stake in AXS Green Alpha ETF during the 2nd quarter worth approximately $696,000.

About AXS Green Alpha ETF

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.