Counterpoint Quantitative Equity ETF (NYSE:CPAI) Stock Short Interest Report for October

Counterpoint Quantitative Equity ETF (NYSE:CPAI) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 36,564 shares, a drop of 42.0% from the September 30th total of 63,048 shares. Based on an average trading volume of 80,938 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are sold short.

Counterpoint Quantitative Equity ETF Price Performance

CPAI stock traded down $1.12 on Friday, hitting $52.58. 97,845 shares of the company were exchanged, compared to its average volume of 59,674. Counterpoint Quantitative Equity ETF has a twelve month low of $37.29 and a twelve month high of $53.96. The business’s fifty day moving average is $52.43 and its two-hundred day moving average is $48.37. The stock has a market capitalization of $530.01 million, a price-to-earnings ratio of -63,045.56 and a beta of 1.18.

Institutional Investors Weigh In On Counterpoint Quantitative Equity ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC lifted its position in Counterpoint Quantitative Equity ETF by 5.3% during the first quarter. Counterpoint Mutual Funds LLC now owns 1,549,616 shares of the company’s stock valued at $64,758,000 after buying an additional 78,500 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Counterpoint Quantitative Equity ETF by 230.6% in the second quarter. NewEdge Advisors LLC now owns 111,269 shares of the company’s stock worth $5,782,000 after acquiring an additional 77,610 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of Counterpoint Quantitative Equity ETF in the first quarter worth $3,154,000. Partners Wealth Management LLC purchased a new position in shares of Counterpoint Quantitative Equity ETF in the 3rd quarter valued at $2,241,000. Finally, Cetera Investment Advisers raised its stake in shares of Counterpoint Quantitative Equity ETF by 65.1% in the 1st quarter. Cetera Investment Advisers now owns 107,891 shares of the company’s stock valued at $4,509,000 after acquiring an additional 42,559 shares during the period.

About Counterpoint Quantitative Equity ETF

The Counterpoint Quantitative Equity ETF (CPAI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through a quantitative, model-based approach to select US stocks of any market capitalization. CPAI was launched on Nov 28, 2023 and is issued by Counterpoint.