The BeeHive Fund (NASDAQ:BEEX) Sees Large Increase in Short Interest

The BeeHive Fund (NASDAQ:BEEX) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 3,965 shares, a growth of 331.0% from the September 30th total of 920 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,371 shares, the days-to-cover ratio is presently 1.7 days.

The BeeHive Fund Price Performance

The BeeHive Fund stock opened at $27.74 on Friday. The stock’s fifty day moving average price is $27.62 and its two-hundred day moving average price is $26.59. The BeeHive Fund has a one year low of $23.60 and a one year high of $28.47. The firm has a market cap of $191.66 million, a PE ratio of 25.27 and a beta of 0.86.

About The BeeHive Fund

The Beehive ETF (BEEX) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, primarily investing in large- and mid-cap domestic equity securities. The fund targets companies with strong market positions to drive long-term capital growth BEEX was launched on Dec 14, 2024 and is issued by BeeHive.