Counterpoint Quantitative Equity ETF (NYSE:CPAI) Short Interest Update

Counterpoint Quantitative Equity ETF (NYSE:CPAI) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 56,323 shares, an increase of 280.0% from the August 15th total of 14,821 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 70,297 shares, the days-to-cover ratio is currently 0.8 days.

Counterpoint Quantitative Equity ETF Price Performance

CPAI stock opened at $52.36 on Monday. Counterpoint Quantitative Equity ETF has a 52 week low of $37.29 and a 52 week high of $53.96. The firm has a market capitalization of $417.31 million, a P/E ratio of -62,781.77 and a beta of 1.19. The company has a fifty day simple moving average of $51.48 and a two-hundred day simple moving average of $48.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPAI. JPMorgan Chase & Co. boosted its holdings in shares of Counterpoint Quantitative Equity ETF by 4.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,130 shares of the company’s stock worth $228,000 after purchasing an additional 286 shares during the period. Mariner LLC raised its holdings in Counterpoint Quantitative Equity ETF by 2.0% during the 4th quarter. Mariner LLC now owns 20,113 shares of the company’s stock valued at $807,000 after buying an additional 401 shares during the period. IFP Advisors Inc raised its holdings in Counterpoint Quantitative Equity ETF by 228.3% during the 4th quarter. IFP Advisors Inc now owns 906 shares of the company’s stock valued at $36,000 after buying an additional 630 shares during the period. Kestra Advisory Services LLC bought a new stake in Counterpoint Quantitative Equity ETF in the fourth quarter worth $31,000. Finally, Western Wealth Management LLC purchased a new position in Counterpoint Quantitative Equity ETF during the first quarter worth $57,000.

About Counterpoint Quantitative Equity ETF

The Counterpoint Quantitative Equity ETF (CPAI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through a quantitative, model-based approach to select US stocks of any market capitalization. CPAI was launched on Nov 28, 2023 and is issued by Counterpoint.