Short Interest in AXS Knowledge Leaders ETF (NYSEARCA:KNO) Drops By 78.3%

AXS Knowledge Leaders ETF (NYSEARCA:KNO) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 18 shares, a drop of 78.3% from the August 15th total of 83 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 944 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new stake in AXS Knowledge Leaders ETF in the fourth quarter valued at about $51,000. Raymond James Financial Inc. acquired a new position in shares of AXS Knowledge Leaders ETF during the 2nd quarter worth about $209,000. HB Wealth Management LLC bought a new stake in shares of AXS Knowledge Leaders ETF in the 2nd quarter valued at about $360,000. OLD Mission Capital LLC increased its stake in shares of AXS Knowledge Leaders ETF by 5.4% in the 4th quarter. OLD Mission Capital LLC now owns 24,570 shares of the company’s stock valued at $1,260,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of AXS Knowledge Leaders ETF by 126.4% in the 2nd quarter. Jane Street Group LLC now owns 28,395 shares of the company’s stock valued at $1,391,000 after acquiring an additional 15,854 shares during the period.

AXS Knowledge Leaders ETF Price Performance

KNO opened at $61.99 on Friday. The company has a market cap of $43.39 million, a price-to-earnings ratio of 20.49 and a beta of 0.91. The firm has a 50 day simple moving average of $63.28 and a 200 day simple moving average of $59.78. AXS Knowledge Leaders ETF has a fifty-two week low of $48.97 and a fifty-two week high of $65.24.

About AXS Knowledge Leaders ETF

The AXS Knowledge Leaders ETF (KNO) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in highly innovative companies from developed markets. KNO was launched on Jul 7, 2015 and is issued by AXS Investments.