Hedgeye Quality Growth ETF (NYSEARCA:HGRO) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Hedgeye Quality Growth ETF (NYSEARCA:HGRO – Get Free Report) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 40,903 shares, an increase of 319.9% from the January 29th total of 9,741 shares. Based on an average daily trading volume, of 66,463 shares, the short-interest ratio is currently 0.6 days. Approximately 1.5% of the company’s stock are sold short. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 66,463 shares, the short-interest ratio is currently 0.6 days.

Hedgeye Quality Growth ETF Price Performance

NYSEARCA:HGRO traded down $0.31 during midday trading on Friday, hitting $29.40. 73,319 shares of the company were exchanged, compared to its average volume of 70,998. Hedgeye Quality Growth ETF has a fifty-two week low of $24.77 and a fifty-two week high of $29.93. The company has a fifty day simple moving average of $29.10 and a 200 day simple moving average of $28.13.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC boosted its holdings in shares of Hedgeye Quality Growth ETF by 7.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 21,620 shares of the company’s stock valued at $614,000 after acquiring an additional 1,500 shares during the period. Copia Wealth Management purchased a new position in Hedgeye Quality Growth ETF during the 4th quarter worth $151,000. Finally, Janney Montgomery Scott LLC acquired a new position in Hedgeye Quality Growth ETF in the fourth quarter valued at $402,000.

About Hedgeye Quality Growth ETF

(Get Free Report)

HGRO is an actively managed, large-cap U.S. equity ETF with approximately 40–50 high-conviction holdings. It focuses on three categories—Deep Moat Compounders, Innovators/Disruptors & S-Curve Beneficiaries, and Idiosyncratic Special Situations—to pursue long‑term capital appreciation. The fund is managed by veteran portfolio manager Sam Rahman, who brings over 30 years of investment experience.

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