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

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) saw a significant drop in short interest in 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. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 185,101 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. NewEdge Advisors LLC boosted its position in shares of Adaptive Alpha Opportunities ETF by 11.2% during the fourth quarter. NewEdge Advisors LLC now owns 62,519 shares of the company’s stock valued at $1,786,000 after buying 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 fourth quarter. Captrust Financial Advisors now owns 15,245 shares of the company’s stock valued at $435,000 after buying an additional 467 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Adaptive Alpha Opportunities ETF by 17.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,830 shares of the company’s stock valued at $338,000 after buying an additional 1,727 shares during the period.

Adaptive Alpha Opportunities ETF Stock Down 0.2%

AGOX traded down $0.07 on Friday, hitting $34.27. The company had a trading volume of 59,489 shares, compared to its average volume of 91,782. Adaptive Alpha Opportunities ETF has a 12-month low of $25.65 and a 12-month high of $35.06. The business’s fifty day simple moving average is $30.91 and its 200 day simple moving average is $29.97. The company has a market cap of $389.65 million, a PE ratio of 28.68 and a beta of 1.07.

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.