FundX Aggressive ETF (NYSEARCA:XNAV) Sees Large Decline in Short Interest

FundX Aggressive ETF (NYSEARCA:XNAV) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,801 shares, a drop of 42.6% from the August 31st total of 3,140 shares. Based on an average trading volume of 703 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On FundX Aggressive ETF

An institutional investor recently raised its stake in FundX Aggressive ETF stock. Citadel Advisors LLC increased its position in shares of FundX Aggressive ETF (NYSEARCA:XNAV) by 3.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,605 shares of the company’s stock after buying an additional 237 shares during the period. Citadel Advisors LLC owned 1.94% of FundX Aggressive ETF worth $644,000 at the end of the most recent reporting period.

FundX Aggressive ETF Price Performance

Shares of FundX Aggressive ETF stock traded up $1.45 during midday trading on Friday, reaching $94.39. The company had a trading volume of 952 shares, compared to its average volume of 713. The stock has a fifty day moving average price of $91.20 and a 200 day moving average price of $91.59. FundX Aggressive ETF has a fifty-two week low of $76.09 and a fifty-two week high of $100.67. The firm has a market cap of $32.09 million, a PE ratio of 23.50 and a beta of 1.12.

About FundX Aggressive ETF

The fundX Aggressive ETF (XNAV) is an exchange-traded fund that mostly invests in total market equity. The fund is an active, global fund-of-funds that primarily invests in sector and aggressive equity ETFs based on global market trends. XNAV was launched on Jul 1, 2002 and is managed by FundX.