Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) Sees Large Growth in Short Interest

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 24,357 shares, a growth of 197.4% from the May 31st total of 8,190 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 41,003 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Adaptive Alpha Opportunities ETF

Several hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in Adaptive Alpha Opportunities ETF by 17.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,830 shares of the company’s stock worth $338,000 after acquiring an additional 1,727 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Adaptive Alpha Opportunities ETF by 3.2% in the 4th quarter. Captrust Financial Advisors now owns 15,245 shares of the company’s stock valued at $435,000 after purchasing an additional 467 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Adaptive Alpha Opportunities ETF by 95.8% in the 1st quarter. NewEdge Advisors LLC now owns 44,090 shares of the company’s stock valued at $1,079,000 after purchasing an additional 21,572 shares during the last quarter.

Adaptive Alpha Opportunities ETF Stock Performance

Shares of AGOX traded down $0.65 during midday trading on Friday, hitting $34.01. The company had a trading volume of 23,531 shares, compared to its average volume of 82,260. The company’s 50-day simple moving average is $33.78 and its 200-day simple moving average is $30.63. The firm has a market capitalization of $386.69 million, a P/E ratio of 28.68 and a beta of 1.07. Adaptive Alpha Opportunities ETF has a 1 year low of $25.65 and a 1 year high of $35.51.

Adaptive Alpha Opportunities ETF Company Profile

The Adaptive Alpha Opportunities ETF (AGOX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed, multi-asset fund that tactically allocates for capital appreciation. AGOX was launched on Sep 20, 2012 and is managed by Adaptive.