Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) Sees Significant Decline in Short Interest
by Jessica Moore · The Cerbat GemAdaptive Alpha Opportunities ETF (NYSEARCA:AGOX – Get Free Report) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 13,629 shares, a drop of 34.2% from the January 29th total of 20,711 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 66,663 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 66,663 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of AGOX. NewEdge Advisors LLC raised its stake in shares of Adaptive Alpha Opportunities ETF by 11.2% in the 4th quarter. NewEdge Advisors LLC now owns 62,519 shares of the company’s stock valued at $1,786,000 after acquiring an additional 6,312 shares during the period. Captrust Financial Advisors boosted its position in shares of 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 period. Finally, Janney Montgomery Scott LLC raised its position in Adaptive Alpha Opportunities ETF by 17.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,830 shares of the company’s stock valued at $338,000 after purchasing an additional 1,727 shares during the period.
Adaptive Alpha Opportunities ETF Trading Down 0.6%
Adaptive Alpha Opportunities ETF stock traded down $0.17 during mid-day trading on Friday, hitting $29.27. The company’s stock had a trading volume of 31,217 shares, compared to its average volume of 90,585. The stock’s fifty day moving average is $29.63 and its two-hundred day moving average is $30.02. The firm has a market capitalization of $361.78 million, a PE ratio of 28.68 and a beta of 0.96. Adaptive Alpha Opportunities ETF has a 1 year low of $21.31 and a 1 year high of $31.63.
About Adaptive Alpha Opportunities ETF
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.