Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) Sees Significant Decline in Short Interest

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 11,604 shares, a drop of 70.4% from the April 30th total of 39,182 shares. Based on an average daily volume of 185,101 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Adaptive Alpha Opportunities ETF Stock Performance

Adaptive Alpha Opportunities ETF stock opened at $34.34 on Friday. Adaptive Alpha Opportunities ETF has a 52-week low of $25.65 and a 52-week high of $35.06. The firm has a 50 day moving average price of $30.76 and a two-hundred day moving average price of $29.94. The firm has a market cap of $390.45 million, a price-to-earnings ratio of 28.68 and a beta of 1.07.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AGOX. NewEdge Advisors LLC raised its holdings in Adaptive Alpha Opportunities ETF by 95.8% during the 1st quarter. NewEdge Advisors LLC now owns 44,090 shares of the company’s stock worth $1,079,000 after purchasing an additional 21,572 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings 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 purchasing an additional 1,727 shares during the last quarter. Finally, Captrust Financial Advisors raised 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 purchasing an additional 467 shares during 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.