Short Interest in Hedgeye Quality Growth ETF (NYSEARCA:HGRO) Drops By 83.8%
by Mitch Edgeman · The Markets DailyHedgeye Quality Growth ETF (NYSEARCA:HGRO – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 7,582 shares, a decrease of 83.8% from the August 15th total of 46,748 shares. Based on an average trading volume of 34,064 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short.
Institutional Trading of Hedgeye Quality Growth ETF
A hedge fund recently bought a new stake in Hedgeye Quality Growth ETF stock. Janney Montgomery Scott LLC purchased a new position in Hedgeye Quality Growth ETF (NYSEARCA:HGRO – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,156 shares of the company’s stock, valued at approximately $402,000. Janney Montgomery Scott LLC owned approximately 0.53% of Hedgeye Quality Growth ETF at the end of the most recent reporting period.
Hedgeye Quality Growth ETF Trading Up 0.3%
Shares of HGRO traded up $0.10 on Friday, reaching $29.70. The stock had a trading volume of 12,432 shares, compared to its average volume of 62,583. Hedgeye Quality Growth ETF has a 12-month low of $26.86 and a 12-month high of $31.85. The company has a 50-day simple moving average of $30.57 and a 200-day simple moving average of $30.05.
About Hedgeye Quality Growth ETF
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.