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

AXS Knowledge Leaders ETF (NYSEARCA:KNO) was the target of a significant growth in short interest in 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 trading volume of 741 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

AXS Knowledge Leaders ETF Stock Up 3.4%

KNO traded up $2.04 during trading on Thursday, hitting $62.57. The company’s stock had a trading volume of 49 shares, compared to its average volume of 752. AXS Knowledge Leaders ETF has a one year low of $47.51 and a one year high of $64.28. The firm has a market cap of $45.68 million, a PE ratio of 20.49 and a beta of 0.91. The business’s 50 day simple moving average is $58.00 and its 200-day simple moving average is $54.97.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KNO. Jane Street Group LLC raised its position in AXS Knowledge Leaders ETF by 126.4% in the second quarter. Jane Street Group LLC now owns 28,395 shares of the company’s stock worth $1,391,000 after acquiring an additional 15,854 shares during the period. Raymond James Financial Inc. bought a new position in AXS Knowledge Leaders ETF in the second quarter worth approximately $209,000. OLD Mission Capital LLC increased its stake in shares of AXS Knowledge Leaders ETF by 5.4% in the fourth quarter. OLD Mission Capital LLC now owns 24,570 shares of the company’s stock worth $1,260,000 after purchasing an additional 1,252 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of AXS Knowledge Leaders ETF in the fourth quarter worth $51,000. Finally, WealthShield Partners LLC purchased a new stake in shares of AXS Knowledge Leaders ETF in the fourth quarter worth $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.