AXS Esoterica NextG Economy ETF (BATS:WUGI) Shares Down 2%

AXS Esoterica NextG Economy ETF (BATS:WUGI) shares were down 2% on Monday . The company traded as low as $59.92 and last traded at $59.92. Approximately 3,169 shares traded hands during trading, The stock had previously closed at $61.14.

AXS Esoterica NextG Economy ETF Price Performance

The stock’s 50 day simple moving average is $60.80 and its two-hundred day simple moving average is $52.95. The stock has a market cap of $30.01 million, a price-to-earnings ratio of 49.75 and a beta of 1.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC raised its holdings in shares of AXS Esoterica NextG Economy ETF by 142.0% in the third quarter. Citadel Advisors LLC now owns 49,324 shares of the company’s stock valued at $1,696,000 after buying an additional 28,942 shares during the last quarter. Jane Street Group LLC bought a new position in shares of AXS Esoterica NextG Economy ETF in the second quarter valued at about $1,034,000. Finally, Royal Bank of Canada bought a new position in shares of AXS Esoterica NextG Economy ETF in the first quarter valued at about $289,000.

About AXS Esoterica NextG Economy ETF

The Esoterica NextG Economy ETF (WUGI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively-managed portfolio of global companies involved in the 5G-enabled digital economy. WUGI was launched on Mar 31, 2020 and is managed by AXS Investments.