Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) Short Interest Up 178,000.0% in April

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 39,182 shares, an increase of 178,000.0% from the April 15th total of 22 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 74,755 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of Adaptive Alpha Opportunities ETF by 95.8% in the first quarter. NewEdge Advisors LLC now owns 44,090 shares of the company’s stock valued at $1,079,000 after purchasing an additional 21,572 shares during the period. Janney Montgomery Scott LLC grew its stake in Adaptive Alpha Opportunities ETF by 17.1% in the 4th 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. Finally, Captrust Financial Advisors boosted its stake in shares of 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 purchasing an additional 467 shares in the last quarter.

Adaptive Alpha Opportunities ETF Price Performance

NYSEARCA AGOX traded up $0.16 during mid-day trading on Monday, reaching $34.16. 116,158 shares of the stock were exchanged, compared to its average volume of 81,175. Adaptive Alpha Opportunities ETF has a one year low of $25.65 and a one year high of $34.59. The stock has a 50 day simple moving average of $29.06 and a 200-day simple moving average of $29.61. The stock has a market cap of $388.40 million, a P/E ratio of 28.68 and a beta of 1.07.

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.