Stance Sustainable Beta ETF (NASDAQ:CHGX) Sees Significant Decrease in Short Interest

Stance Sustainable Beta ETF (NASDAQ:CHGX) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 6,936 shares, a decline of 74.7% from the July 30th total of 27,383 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 7,528 shares, the short-interest ratio is presently 0.9 days.

Stance Sustainable Beta ETF Stock Performance

Shares of NASDAQ CHGX traded down $0.26 during midday trading on Friday, hitting $33.87. 1,911 shares of the stock traded hands, compared to its average volume of 12,481. The firm has a market capitalization of $177.82 million, a P/E ratio of 24.93 and a beta of 1.07. Stance Sustainable Beta ETF has a one year low of $25.96 and a one year high of $34.33. The firm has a 50-day moving average of $33.08 and a two-hundred day moving average of $30.77.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CHGX. Kestra Advisory Services LLC purchased a new position in shares of Stance Sustainable Beta ETF in the fourth quarter worth approximately $28,000. Ascentis Independent Advisors bought a new position in Stance Sustainable Beta ETF in the 1st quarter worth $64,000. Raymond James Financial Inc. purchased a new stake in Stance Sustainable Beta ETF in the 2nd quarter worth $91,000. Farther Finance Advisors LLC increased its stake in Stance Sustainable Beta ETF by 108.0% in the 4th quarter. Farther Finance Advisors LLC now owns 5,442 shares of the company’s stock worth $148,000 after buying an additional 2,826 shares in the last quarter. Finally, Creative Planning bought a new stake in Stance Sustainable Beta ETF during the second quarter valued at about $210,000.

About Stance Sustainable Beta ETF

The AXS Change Finance ESG ETF (CHGX) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of 100 US large-cap stocks that meet diverse environmental, social, and governance standards.