Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) Sees Significant Decline in Short Interest

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 11,604 shares, a drop of 70.4% from the April 30th total of 39,182 shares. Based on an average trading volume of 185,101 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Adaptive Alpha Opportunities ETF

Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its stake in Adaptive Alpha Opportunities ETF by 17.1% during 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 raised its holdings in Adaptive Alpha Opportunities ETF by 3.2% in the 4th quarter. Captrust Financial Advisors now owns 15,245 shares of the company’s stock valued at $435,000 after buying an additional 467 shares during the last quarter. Finally, NewEdge Advisors LLC raised 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 buying an additional 21,572 shares during the last quarter.

Adaptive Alpha Opportunities ETF Stock Performance

NYSEARCA:AGOX opened at $34.34 on Friday. The firm’s 50-day simple moving average is $30.76 and its 200 day simple moving average is $29.94. The firm has a market cap of $390.45 million, a price-to-earnings ratio of 28.68 and a beta of 1.07. Adaptive Alpha Opportunities ETF has a 52 week low of $25.65 and a 52 week high of $35.06.

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.