FundX Future Fund Opportunities ETF (NYSEARCA:FFOX – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 4,938 shares, a drop of 84.9% from the July 30th total of 32,701 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 14,026 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On FundX Future Fund Opportunities ETF
Several hedge funds and other institutional investors have recently modified their holdings of FFOX. One Capital Management LLC increased its position in FundX Future Fund Opportunities ETF by 8.8% during the 3rd quarter. One Capital Management LLC now owns 5,088,013 shares of the company’s stock worth $139,844,000 after purchasing an additional 412,071 shares in the last quarter. National Bank of Canada FI lifted its position in FundX Future Fund Opportunities ETF by 1,335.2% during the third quarter. National Bank of Canada FI now owns 143,898 shares of the company’s stock valued at $3,953,000 after buying an additional 133,872 shares in the last quarter. Capital Analysts LLC lifted its position in FundX Future Fund Opportunities ETF by 59.3% during the fourth quarter. Capital Analysts LLC now owns 158,295 shares of the company’s stock valued at $4,317,000 after buying an additional 58,922 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in FundX Future Fund Opportunities ETF during the fourth quarter worth approximately $255,000. Finally, Thryve Wealth Management LLC purchased a new stake in FundX Future Fund Opportunities ETF during the fourth quarter worth approximately $377,000.
FundX Future Fund Opportunities ETF Stock Performance
FundX Future Fund Opportunities ETF stock traded down $0.40 during midday trading on Friday, reaching $29.45. The stock had a trading volume of 13,063 shares, compared to its average volume of 20,885. The stock’s 50-day simple moving average is $29.83 and its 200 day simple moving average is $28.67. FundX Future Fund Opportunities ETF has a twelve month low of $25.44 and a twelve month high of $31.30. The stock has a market capitalization of $236.19 million, a PE ratio of 30.45 and a beta of 0.72.
About FundX Future Fund Opportunities ETF
The Future Fund Opportunities ETF is an actively managed ETF that, under normal market conditions, will primarily invest in the equity securities of companies that the Adviser believes to be best positioned to take advantage of long-term megatrends. Long-term megatrends are driven by changes in technology, consumer preferences, demographics, and environmental sustainability, which can lead to significant increases in their markets, earnings trajectories, and market capitalizations.
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