The Acquirers Fund (NYSEARCA:ZIG) Sees Significant Drop in Short Interest

The Acquirers Fund (NYSEARCA:ZIG) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 5,300 shares, a decrease of 37.8% from the June 30th total of 8,518 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 1,129 shares, the days-to-cover ratio is currently 4.7 days.

The Acquirers Fund Price Performance

Shares of The Acquirers Fund stock traded down $0.53 during trading on Thursday, hitting $39.93. 406 shares of the company’s stock traded hands, compared to its average volume of 1,583. The Acquirers Fund has a 1 year low of $34.66 and a 1 year high of $40.57. The business has a 50-day simple moving average of $39.38 and a 200-day simple moving average of $39.13. The stock has a market capitalization of $31.94 million, a P/E ratio of 9.01 and a beta of 0.99.

About The Acquirers Fund

The Acquirers Fund ETF (ZIG) is an exchange-traded fund that is based on the ZIG-US – No underlying index. The fund is an actively-managed portfolio of equity securities issued by US-listed companies that exhibit strong fundamentals and value characteristics. ZIG was launched on May 15, 2019 and is managed by Acquirers Fund.