Short Interest in Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) Increases By 115.2%

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 37,130 shares, a growth of 115.2% from the August 15th total of 17,252 shares. Based on an average daily trading volume, of 25,366 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the shares of the company are short sold.

Adaptive Alpha Opportunities ETF Stock Performance

Adaptive Alpha Opportunities ETF stock traded down $0.49 during midday trading on Monday, hitting $32.81. 2,744 shares of the company were exchanged, compared to its average volume of 74,596. The firm has a market capitalization of $370.15 million, a PE ratio of 28.68 and a beta of 1.08. Adaptive Alpha Opportunities ETF has a fifty-two week low of $25.65 and a fifty-two week high of $35.80. The business has a fifty day simple moving average of $33.78 and a two-hundred day simple moving average of $32.27.

Institutional Investors Weigh In On Adaptive Alpha Opportunities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in AGOX. NewEdge Advisors LLC boosted its stake in shares of Adaptive Alpha Opportunities ETF by 95.8% in the first quarter. NewEdge Advisors LLC now owns 44,090 shares of the company’s stock valued at $1,079,000 after purchasing an additional 21,572 shares during the period. Janney Montgomery Scott LLC increased its stake in Adaptive Alpha Opportunities ETF by 17.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,830 shares of the company’s stock worth $338,000 after buying an additional 1,727 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in Adaptive Alpha Opportunities ETF by 3.2% during the 4th quarter. Captrust Financial Advisors now owns 15,245 shares of the company’s stock worth $435,000 after buying an additional 467 shares in the last quarter.

Adaptive Alpha Opportunities ETF Company Profile

The Adaptive Alpha Opportunities ETF (AGOX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed, multi-asset fund that tactically allocates for capital appreciation. AGOX was launched on Sep 20, 2012 and is managed by Adaptive.