Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) Sees Large Drop in Short Interest

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 2,394 shares, a drop of 82.4% from the February 12th total of 13,629 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 173,768 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 173,768 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Adaptive Alpha Opportunities ETF Trading Up 0.4%

AGOX stock traded up $0.12 during midday trading on Tuesday, reaching $28.21. 45,739 shares of the company’s stock traded hands, compared to its average volume of 84,273. Adaptive Alpha Opportunities ETF has a 52-week low of $21.31 and a 52-week high of $31.63. The stock has a market cap of $348.68 million, a P/E ratio of 28.68 and a beta of 0.96. The stock’s 50-day moving average is $29.52 and its 200 day moving average is $29.97.

Institutional Investors Weigh In On Adaptive Alpha Opportunities ETF

Several hedge funds and other institutional investors have recently modified their holdings of AGOX. Janney Montgomery Scott LLC raised its holdings 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 purchasing an additional 1,727 shares during the period. Captrust Financial Advisors grew its holdings in Adaptive Alpha Opportunities ETF by 3.2% during 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 period. Finally, NewEdge Advisors LLC grew its holdings in Adaptive Alpha Opportunities ETF by 95.8% during 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.

Adaptive Alpha Opportunities ETF Company Profile

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.