AXS Green Alpha ETF (NYSEARCA:NXTE) Short Interest Update

AXS Green Alpha ETF (NYSEARCA:NXTE) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,800 shares, a growth of 89.7% from the August 15th total of 1,476 shares. Based on an average daily volume of 2,394 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of AXS Green Alpha ETF

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada bought a new position in shares of AXS Green Alpha ETF in the first quarter worth $58,000. PFG Investments LLC bought a new stake in shares of AXS Green Alpha ETF during the first quarter valued at about $232,000. Finally, Citadel Advisors LLC bought a new stake in shares of AXS Green Alpha ETF during the second quarter valued at about $449,000.

AXS Green Alpha ETF Stock Performance

Shares of NXTE traded down $0.16 during mid-day trading on Tuesday, reaching $46.25. 49 shares of the company’s stock traded hands, compared to its average volume of 2,975. The business’s 50-day moving average price is $47.48 and its 200-day moving average price is $46.22. The stock has a market capitalization of $50.88 million, a P/E ratio of 27.52 and a beta of 1.61. AXS Green Alpha ETF has a 12 month low of $35.99 and a 12 month high of $54.97.

AXS Green Alpha ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 25th were given a $0.1169 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.47 annualized dividend and a yield of 1.0%. This is an increase from AXS Green Alpha ETF’s previous quarterly dividend of $0.05.

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.