AXS Knowledge Leaders ETF (NYSEARCA:KNO) Sees Large Growth in Short Interest

AXS Knowledge Leaders ETF (NYSEARCA:KNO) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 405 shares, a growth of 710.0% from the May 14th total of 50 shares. Based on an average daily volume of 741 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

AXS Knowledge Leaders ETF Stock Performance

Shares of KNO remained flat at $61.58 during midday trading on Wednesday. 83 shares of the company’s stock traded hands, compared to its average volume of 764. The firm has a 50 day simple moving average of $57.80 and a 200 day simple moving average of $54.88. AXS Knowledge Leaders ETF has a twelve month low of $47.51 and a twelve month high of $64.28. The stock has a market cap of $44.95 million, a PE ratio of 20.49 and a beta of 0.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its position in shares of AXS Knowledge Leaders ETF by 126.4% during the 2nd quarter. Jane Street Group LLC now owns 28,395 shares of the company’s stock valued at $1,391,000 after buying an additional 15,854 shares in the last quarter. OLD Mission Capital LLC raised its position in shares of AXS Knowledge Leaders ETF by 5.4% during the 4th quarter. OLD Mission Capital LLC now owns 24,570 shares of the company’s stock valued at $1,260,000 after buying an additional 1,252 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of AXS Knowledge Leaders ETF during the 2nd quarter valued at about $209,000. Bank of America Corp DE purchased a new stake in shares of AXS Knowledge Leaders ETF during the 4th quarter valued at about $51,000. Finally, WealthShield Partners LLC purchased a new stake in shares of AXS Knowledge Leaders ETF during the 4th quarter valued at about $52,000.

About AXS Knowledge Leaders ETF

The AXS Knowledge Leaders ETF (KNO) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in highly innovative companies from developed markets. KNO was launched on Jul 7, 2015 and is issued by AXS Investments.