AXS Green Alpha ETF (NYSEARCA:NXTE) Sees Significant Increase in Short Interest

AXS Green Alpha ETF (NYSEARCA:NXTE) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 3,795 shares, a growth of 200.5% from the June 30th total of 1,263 shares. Based on an average daily volume of 6,710 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On AXS Green Alpha ETF

A number of large investors have recently bought and sold shares of NXTE. Prime Capital Investment Advisors LLC boosted its holdings in shares of AXS Green Alpha ETF by 18.9% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 89,151 shares of the company’s stock valued at $3,440,000 after acquiring an additional 14,188 shares in the last quarter. Natural Investments LLC purchased a new position in AXS Green Alpha ETF during the fourth quarter worth about $7,909,000. Invested Advisors purchased a new position in AXS Green Alpha ETF during the fourth quarter worth about $219,000. Susquehanna International Group LLP acquired a new stake in AXS Green Alpha ETF in the third quarter valued at about $582,000. Finally, Jane Street Group LLC acquired a new stake in AXS Green Alpha ETF in the second quarter valued at about $696,000.

AXS Green Alpha ETF Trading Down 2.8%

Shares of AXS Green Alpha ETF stock traded down $1.25 during trading hours on Tuesday, hitting $43.95. 4,868 shares of the company were exchanged, compared to its average volume of 2,941. AXS Green Alpha ETF has a 1 year low of $33.52 and a 1 year high of $54.97. The business has a 50-day moving average of $49.89 and a 200-day moving average of $44.86. The stock has a market capitalization of $48.34 million, a price-to-earnings ratio of 27.52 and a beta of 1.56.

AXS Green Alpha ETF Company Profile

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.