FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) Short Interest Up 103.8% in August

FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 10,063 shares, a growth of 103.8% from the August 15th total of 4,938 shares. Based on an average daily trading volume, of 18,145 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

FundX Future Fund Opportunities ETF Stock Performance

FundX Future Fund Opportunities ETF stock traded up $0.15 during midday trading on Wednesday, hitting $28.28. 8,646 shares of the company were exchanged, compared to its average volume of 20,642. The business has a fifty day simple moving average of $29.58 and a two-hundred day simple moving average of $28.68. The firm has a market capitalization of $254.48 million, a PE ratio of 30.45 and a beta of 0.71. FundX Future Fund Opportunities ETF has a fifty-two week low of $25.44 and a fifty-two week high of $31.30.

Institutional Investors Weigh In On FundX Future Fund Opportunities ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Analysts LLC lifted its stake in shares of FundX Future Fund Opportunities ETF by 59.3% in the 4th quarter. Capital Analysts LLC now owns 158,295 shares of the company’s stock valued at $4,317,000 after purchasing an additional 58,922 shares during the period. One Capital Management LLC grew its position in FundX Future Fund Opportunities ETF by 8.0% during the fourth quarter. One Capital Management LLC now owns 5,493,862 shares of the company’s stock valued at $149,818,000 after buying an additional 405,849 shares during the period. Finally, Thryve Wealth Management LLC acquired a new stake in FundX Future Fund Opportunities ETF during the fourth quarter valued at $377,000.

About FundX Future Fund Opportunities ETF

The Future Fund Opportunities ETF is an actively managed ETF that, under normal market conditions, will primarily invest in the equity securities of companies that the Adviser believes to be best positioned to take advantage of long-term megatrends. Long-term megatrends are driven by changes in technology, consumer preferences, demographics, and environmental sustainability, which can lead to significant increases in their markets, earnings trajectories, and market capitalizations.