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

Hedgeye Quality Growth ETF (NYSEARCA:HGRO) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 30,940 shares, a decrease of 42.3% from the April 30th total of 53,654 shares. Based on an average trading volume of 119,215 shares, the short-interest ratio is presently 0.3 days. Approximately 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HGRO. Game Plan Financial Advisors LLC raised its position in shares of Hedgeye Quality Growth ETF by 7.5% in the 4th quarter. Game Plan Financial Advisors LLC now owns 21,620 shares of the company’s stock worth $614,000 after acquiring an additional 1,500 shares in the last quarter. Copia Wealth Management bought a new position in shares of Hedgeye Quality Growth ETF in the 4th quarter worth approximately $151,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Hedgeye Quality Growth ETF in the 4th quarter worth approximately $402,000.

Hedgeye Quality Growth ETF Stock Up 0.6%

Shares of NYSEARCA:HGRO traded up $0.19 during trading on Tuesday, hitting $31.65. The stock had a trading volume of 27,661 shares, compared to its average volume of 72,833. Hedgeye Quality Growth ETF has a 12 month low of $24.77 and a 12 month high of $31.73. The firm’s fifty day moving average is $29.60 and its 200 day moving average is $29.03.

Hedgeye Quality Growth ETF Company Profile

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.