FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) Sees Large Increase in Short Interest

FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 10,063 shares, an increase of 103.8% from the August 15th total of 4,938 shares. Based on an average trading volume of 18,145 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On FundX Future Fund Opportunities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FFOX. Capital Analysts LLC increased its holdings in FundX Future Fund Opportunities ETF by 2.4% during the 2nd quarter. Capital Analysts LLC now owns 164,714 shares of the company’s stock worth $4,989,000 after purchasing an additional 3,930 shares during the period. Thryve Wealth Management LLC acquired a new stake in FundX Future Fund Opportunities ETF in the fourth quarter valued at $377,000. Finally, One Capital Management LLC raised its stake in FundX Future Fund Opportunities ETF by 8.0% in the fourth quarter. One Capital Management LLC now owns 5,493,862 shares of the company’s stock valued at $149,818,000 after buying an additional 405,849 shares in the last quarter.

FundX Future Fund Opportunities ETF Stock Down 0.8%

NYSEARCA:FFOX traded down $0.22 on Tuesday, reaching $28.13. 8,646 shares of the company’s stock were exchanged, compared to its average volume of 20,642. The firm has a market capitalization of $225.60 million, a price-to-earnings ratio of 30.45 and a beta of 0.71. The business has a fifty day moving average of $29.58 and a 200-day moving average of $28.68. FundX Future Fund Opportunities ETF has a 52-week low of $25.44 and a 52-week high of $31.30.

About FundX Future Fund Opportunities ETF

The Future Fund Opportunities ETF is an actively managed ETF that, under normal market conditions, will primarily invest in the equity securities of companies that the Adviser believes to be best positioned to take advantage of long-term megatrends. Long-term megatrends are driven by changes in technology, consumer preferences, demographics, and environmental sustainability, which can lead to significant increases in their markets, earnings trajectories, and market capitalizations.