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

Adaptive Alpha Opportunities ETF (NYSEARCA:AGOX) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 46,290 shares, a growth of 89.8% from the March 15th total of 24,383 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 58,393 shares, the short-interest ratio is currently 0.8 days.

Adaptive Alpha Opportunities ETF Stock Performance

NYSEARCA:AGOX opened at $28.25 on Monday. The firm has a market capitalization of $321.77 million, a price-to-earnings ratio of 28.68 and a beta of 0.99. Adaptive Alpha Opportunities ETF has a 52-week low of $23.00 and a 52-week high of $31.63. The stock has a fifty day moving average of $28.29 and a 200 day moving average of $29.49.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its position in Adaptive Alpha Opportunities ETF by 95.8% during the 1st 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 last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Adaptive Alpha Opportunities ETF by 17.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,830 shares of the company’s stock worth $338,000 after acquiring an additional 1,727 shares during the period. Finally, Captrust Financial Advisors grew its stake in shares of Adaptive Alpha Opportunities ETF by 3.2% in the 4th quarter. Captrust Financial Advisors now owns 15,245 shares of the company’s stock worth $435,000 after buying an additional 467 shares during the last quarter.

About Adaptive Alpha Opportunities ETF

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.