Short Interest in FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) Drops By 36.5%

FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 28,678 shares, a drop of 36.5% from the April 30th total of 45,148 shares. Based on an average daily volume of 18,477 shares, the short-interest ratio is presently 1.6 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On FundX Future Fund Opportunities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thryve Wealth Management LLC acquired a new position in FundX Future Fund Opportunities ETF during the fourth quarter valued at approximately $377,000. EP Wealth Advisors LLC acquired a new stake in FundX Future Fund Opportunities ETF in the 4th quarter valued at approximately $255,000. Capital Analysts LLC grew its holdings in 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 buying an additional 58,922 shares during the last quarter. One Capital Management LLC grew its holdings in FundX Future Fund Opportunities ETF by 8.0% in the 4th 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 last quarter. Finally, National Bank of Canada FI grew its holdings in FundX Future Fund Opportunities ETF by 1,335.2% in the 3rd quarter. National Bank of Canada FI now owns 143,898 shares of the company’s stock valued at $3,953,000 after buying an additional 133,872 shares during the last quarter.

FundX Future Fund Opportunities ETF Stock Down 0.7%

Shares of FFOX stock opened at $28.14 on Thursday. FundX Future Fund Opportunities ETF has a 12 month low of $24.75 and a 12 month high of $29.64. The business’s 50 day moving average is $27.88 and its two-hundred day moving average is $28.05. The company has a market cap of $213.58 million, a PE ratio of 30.45 and a beta of 1.65.

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.