Short Interest in Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) Increases By 115.2%

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 37,130 shares, a growth of 115.2% from the August 15th total of 17,252 shares. Based on an average daily volume of 25,366 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of Adaptive Alpha Opportunities ETF

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake in shares of Adaptive Alpha Opportunities ETF by 11.2% in the fourth quarter. NewEdge Advisors LLC now owns 62,519 shares of the company’s stock worth $1,786,000 after acquiring an additional 6,312 shares during the period. Captrust Financial Advisors boosted its holdings in Adaptive Alpha Opportunities ETF by 3.2% in the fourth quarter. Captrust Financial Advisors now owns 15,245 shares of the company’s stock valued at $435,000 after purchasing an additional 467 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in 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 valued at $338,000 after purchasing an additional 1,727 shares during the last quarter.

Adaptive Alpha Opportunities ETF Price Performance

NYSEARCA:AGOX traded down $0.49 during midday trading on Monday, hitting $32.81. The company’s stock had a trading volume of 2,744 shares, compared to its average volume of 74,596. Adaptive Alpha Opportunities ETF has a fifty-two week low of $25.65 and a fifty-two week high of $35.80. The firm’s 50 day moving average is $33.78 and its 200-day moving average is $32.27. The firm has a market cap of $370.15 million, a P/E ratio of 28.68 and a beta of 1.08.

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.