Short Interest in AXS Green Alpha ETF (NYSEARCA:NXTE) Rises By 89.7%

AXS Green Alpha ETF (NYSEARCA:NXTE) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 2,800 shares, a growth of 89.7% from the August 15th total of 1,476 shares. Based on an average daily trading volume, of 2,394 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On AXS Green Alpha ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in shares of AXS Green Alpha ETF during the 2nd quarter valued at $449,000. Royal Bank of Canada acquired a new stake in shares of AXS Green Alpha ETF in the first quarter valued at $58,000. Finally, PFG Investments LLC acquired a new stake in shares of AXS Green Alpha ETF in the first quarter valued at $232,000.

AXS Green Alpha ETF Stock Performance

Shares of NYSEARCA:NXTE traded down $0.16 during trading on Tuesday, reaching $46.25. The company had a trading volume of 49 shares, compared to its average volume of 2,975. The firm’s fifty day moving average is $47.48 and its 200 day moving average is $46.22. The firm has a market capitalization of $50.88 million, a PE ratio of 27.52 and a beta of 1.61. AXS Green Alpha ETF has a twelve month low of $35.99 and a twelve month high of $54.97.

AXS Green Alpha ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 25th were issued a dividend of $0.1169 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from AXS Green Alpha ETF’s previous quarterly dividend of $0.05. This represents a $0.47 annualized dividend and a yield of 1.0%.

AXS Green Alpha ETF Company Profile

The Axs Green Alpha ETF (NXTE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively seeks long-term capital appreciation by targeting global all-cap companies focused towards a sustainable environment and economy. Securities are selected based on their contribution to the four pillars of sustainability, whilst exhibiting both growth and value characteristics. NXTE was launched on Sep 27, 2022 and is managed by AXS Investments.