FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) Short Interest Down 84.9% in August

FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 4,938 shares, a decline of 84.9% from the July 30th total of 32,701 shares. Based on an average trading volume of 14,026 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of FundX Future Fund Opportunities ETF

Hedge funds have recently modified their holdings of the company. One Capital Management LLC increased its position in shares of FundX Future Fund Opportunities ETF by 8.8% during the third quarter. One Capital Management LLC now owns 5,088,013 shares of the company’s stock valued at $139,844,000 after purchasing an additional 412,071 shares during the period. National Bank of Canada FI raised its stake in shares of FundX Future Fund Opportunities ETF by 1,335.2% in the 3rd quarter. National Bank of Canada FI now owns 143,898 shares of the company’s stock valued at $3,953,000 after buying an additional 133,872 shares in the last quarter. Capital Analysts LLC boosted its position in shares of FundX Future Fund Opportunities ETF by 59.3% during the 4th quarter. Capital Analysts LLC now owns 158,295 shares of the company’s stock valued at $4,317,000 after acquiring an additional 58,922 shares in the last quarter. Thryve Wealth Management LLC bought a new stake in FundX Future Fund Opportunities ETF in the fourth quarter valued at about $377,000. Finally, EP Wealth Advisors LLC acquired a new position in FundX Future Fund Opportunities ETF in the fourth quarter worth about $255,000.

FundX Future Fund Opportunities ETF Price Performance

FFOX stock remained flat at $29.99 during midday trading on Wednesday. 5,471 shares of the company’s stock were exchanged, compared to its average volume of 20,880. The company’s 50-day moving average price is $29.78 and its 200 day moving average price is $28.64. FundX Future Fund Opportunities ETF has a 12 month low of $25.44 and a 12 month high of $31.30. The stock has a market capitalization of $240.52 million, a P/E ratio of 30.45 and a beta of 0.72.

FundX Future Fund Opportunities ETF Company Profile

The Future Fund Opportunities ETF is an actively managed ETF that, under normal market conditions, will primarily invest in the equity securities of companies that the Adviser believes to be best positioned to take advantage of long-term megatrends. Long-term megatrends are driven by changes in technology, consumer preferences, demographics, and environmental sustainability, which can lead to significant increases in their markets, earnings trajectories, and market capitalizations.