Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) Sees Large Drop in Short Interest

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 2,394 shares, a drop of 82.4% from the February 12th total of 13,629 shares. Based on an average daily volume of 173,768 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 173,768 shares, the days-to-cover ratio is currently 0.0 days.

Adaptive Alpha Opportunities ETF Stock Up 0.4%

NYSEARCA AGOX traded up $0.12 during trading hours on Tuesday, reaching $28.21. The company’s stock had a trading volume of 45,739 shares, compared to its average volume of 84,273. The firm’s 50-day moving average price is $29.52 and its 200-day moving average price is $29.97. Adaptive Alpha Opportunities ETF has a 1 year low of $21.31 and a 1 year high of $31.63. The company has a market capitalization of $348.68 million, a price-to-earnings ratio of 28.68 and a beta of 0.96.

Hedge Funds Weigh In On Adaptive Alpha Opportunities ETF

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its holdings in shares of Adaptive Alpha Opportunities ETF by 17.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,830 shares of the company’s stock worth $338,000 after buying an additional 1,727 shares in the last quarter. Captrust Financial Advisors grew its stake in 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 acquiring an additional 467 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Adaptive Alpha Opportunities ETF by 95.8% in the 1st quarter. NewEdge Advisors LLC now owns 44,090 shares of the company’s stock valued at $1,079,000 after acquiring an additional 21,572 shares during the last quarter.

About Adaptive Alpha Opportunities ETF

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.