Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) Sees Significant Increase in Short Interest

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) saw a significant growth in short interest in the month of 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. Approximately 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 currently 0.6 days.

Adaptive Alpha Opportunities ETF Stock Performance

Shares of AGOX stock traded up $0.14 on Monday, hitting $34.15. The stock had a trading volume of 65,330 shares, compared to its average volume of 82,058. The firm has a market capitalization of $388.29 million, a price-to-earnings ratio of 28.68 and a beta of 1.07. The stock’s 50 day moving average is $33.78 and its 200-day moving average is $30.63. Adaptive Alpha Opportunities ETF has a 52-week low of $25.65 and a 52-week high of $35.51.

Hedge Funds Weigh In On Adaptive Alpha Opportunities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in shares of 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 in the last quarter. Captrust Financial Advisors increased its holdings 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 acquiring an additional 467 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Adaptive Alpha Opportunities ETF by 95.8% during the first quarter. NewEdge Advisors LLC now owns 44,090 shares of the company’s stock worth $1,079,000 after purchasing an additional 21,572 shares during the period.

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.