Counterpoint Quantitative Equity ETF (NYSE:CPAI – Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 56,323 shares, a growth of 280.0% from the August 15th total of 14,821 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,297 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Trading of Counterpoint Quantitative Equity ETF
A number of institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in Counterpoint Quantitative Equity ETF in the 4th quarter valued at $31,000. IFP Advisors Inc boosted its stake in Counterpoint Quantitative Equity ETF by 228.3% during the 4th quarter. IFP Advisors Inc now owns 906 shares of the company’s stock worth $36,000 after purchasing an additional 630 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Counterpoint Quantitative Equity ETF during the first quarter worth $57,000. Fifth Third Bancorp purchased a new stake in shares of Counterpoint Quantitative Equity ETF during the first quarter worth $72,000. Finally, PUREfi Wealth LLC purchased a new stake in shares of Counterpoint Quantitative Equity ETF during the first quarter worth $209,000.
Counterpoint Quantitative Equity ETF Price Performance
CPAI stock traded up $0.99 during trading on Friday, hitting $52.36. The stock had a trading volume of 127,503 shares, compared to its average volume of 56,087. Counterpoint Quantitative Equity ETF has a twelve month low of $37.29 and a twelve month high of $53.96. The company’s 50-day moving average price is $51.48 and its two-hundred day moving average price is $48.26. The stock has a market capitalization of $417.31 million, a P/E ratio of -62,781.77 and a beta of 1.19.
Counterpoint Quantitative Equity ETF Company Profile
The Counterpoint Quantitative Equity ETF (CPAI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through a quantitative, model-based approach to select US stocks of any market capitalization. CPAI was launched on Nov 28, 2023 and is issued by Counterpoint.
See Also
- Five stocks we like better than Counterpoint Quantitative Equity ETF
- Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound
- 3 Small-Cap Biotechs With Binary Catalysts on the Calendar
- Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
- As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
Receive News & Ratings for Counterpoint Quantitative Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Counterpoint Quantitative Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
