AXS Green Alpha ETF (NYSEARCA:NXTE – Get Free Report) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 1,837 shares, a decrease of 51.6% from the July 15th total of 3,795 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,977 shares, the days-to-cover ratio is currently 0.5 days.
AXS Green Alpha ETF Trading Down 3.7%
Shares of NXTE stock traded down $1.79 during trading hours on Tuesday, hitting $46.59. 4,684 shares of the company’s stock were exchanged, compared to its average volume of 2,908. The company has a market capitalization of $51.25 million, a PE ratio of 27.52 and a beta of 1.61. AXS Green Alpha ETF has a 12-month low of $34.26 and a 12-month high of $54.97. The business’s 50 day simple moving average is $48.91 and its 200-day simple moving average is $45.35.
Institutional Trading of AXS Green Alpha ETF
Several hedge funds have recently added to or reduced their stakes in NXTE. Royal Bank of Canada purchased a new position in shares of AXS Green Alpha ETF in the first quarter worth about $58,000. PFG Investments LLC purchased a new stake in AXS Green Alpha ETF during the 1st quarter valued at about $232,000. Susquehanna International Group LLP purchased a new stake in AXS Green Alpha ETF during the 3rd quarter valued at about $582,000. Finally, Jane Street Group LLC bought a new position in AXS Green Alpha ETF during the 2nd quarter worth approximately $696,000.
About AXS Green Alpha ETF
The Axs Green Alpha ETF (NXTE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively seeks long-term capital appreciation by targeting global all-cap companies focused towards a sustainable environment and economy. Securities are selected based on their contribution to the four pillars of sustainability, whilst exhibiting both growth and value characteristics. NXTE was launched on Sep 27, 2022 and is managed by AXS Investments.
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