Short Interest in Alpha Brands Consumption Leaders ETF (NASDAQ:LOGO) Declines By 56.7%

Alpha Brands Consumption Leaders ETF (NASDAQ:LOGO) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 2,759 shares, a decrease of 56.7% from the July 15th total of 6,366 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 4,161 shares, the short-interest ratio is currently 0.7 days.

Alpha Brands Consumption Leaders ETF Stock Performance

Shares of LOGO traded down $0.09 during midday trading on Friday, hitting $21.39. The stock had a trading volume of 456 shares, compared to its average volume of 4,548. The company has a 50 day simple moving average of $20.58 and a two-hundred day simple moving average of $20.29. Alpha Brands Consumption Leaders ETF has a twelve month low of $18.37 and a twelve 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\”).