AXS Green Alpha ETF (NYSEARCA:NXTE – Get Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 777 shares, an increase of 296.4% from the April 15th total of 196 shares. Based on an average daily trading volume, of 1,457 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.
Hedge Funds Weigh In On AXS Green Alpha ETF
Several hedge funds have recently added to or reduced their stakes in NXTE. Invested Advisors bought a new position in AXS Green Alpha ETF in the fourth quarter valued at about $219,000. PFG Investments LLC bought a new position in AXS Green Alpha ETF in the first quarter valued at about $232,000. Investment Research Partners LLC bought a new position in AXS Green Alpha ETF in the third quarter valued at about $274,000. Susquehanna International Group LLP bought a new position in AXS Green Alpha ETF in the third quarter valued at about $582,000. Finally, Jane Street Group LLC bought a new position in AXS Green Alpha ETF in the second quarter valued at about $696,000.
AXS Green Alpha ETF Trading Up 1.5%
AXS Green Alpha ETF stock traded up $0.68 during mid-day trading on Wednesday, hitting $47.57. The stock had a trading volume of 597 shares, compared to its average volume of 2,220. The stock has a 50-day simple moving average of $42.01 and a two-hundred day simple moving average of $40.89. The stock has a market capitalization of $52.80 million, a PE ratio of 27.52 and a beta of 1.56. AXS Green Alpha ETF has a 12 month low of $31.03 and a 12 month high of $48.49.
About AXS Green Alpha ETF
The Axs Green Alpha ETF (NXTE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively seeks long-term capital appreciation by targeting global all-cap companies focused towards a sustainable environment and economy. Securities are selected based on their contribution to the four pillars of sustainability, whilst exhibiting both growth and value characteristics. NXTE was launched on Sep 27, 2022 and is managed by AXS Investments.
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