Alpha Brands Consumption Leaders ETF (NASDAQ:LOGO) Sees Large Growth in Short Interest

Alpha Brands Consumption Leaders ETF (NASDAQ:LOGO) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 7,994 shares, a growth of 96.2% from the May 31st total of 4,075 shares. Based on an average daily trading volume, of 1,713 shares, the short-interest ratio is presently 4.7 days. Approximately 0.5% of the shares of the company are sold short.

Alpha Brands Consumption Leaders ETF Price Performance

NASDAQ:LOGO traded up $0.09 during mid-day trading on Wednesday, reaching $20.78. The company’s stock had a trading volume of 141 shares, compared to its average volume of 4,866. The firm’s fifty day moving average price is $20.62 and its two-hundred day moving average price is $20.39. Alpha Brands Consumption Leaders ETF has a 12-month low of $18.37 and a 12-month high of $22.83.

Alpha Brands Consumption Leaders ETF Company Profile

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Accuvest Iconic U.S. Brands Index (\”underlying index\”).\n The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to track the broad-based performance of U.S. listed and domiciled securities with Iconic Brands, which are identified and selected based on a proprietary methodology developed by Accuvest Global Advisors (the \”index provider\”).