The Acquirers Fund (NYSEARCA:ZIG) Short Interest Down 72.1% in May

The Acquirers Fund (NYSEARCA:ZIG) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 1,700 shares, a drop of 72.1% from the May 15th total of 6,100 shares. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On The Acquirers Fund

An institutional investor recently raised its position in The Acquirers Fund stock. Creative Financial Designs Inc. ADV boosted its holdings in shares of The Acquirers Fund (NYSEARCA:ZIG) by 23.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,065 shares of the company’s stock after purchasing an additional 396 shares during the period. Creative Financial Designs Inc. ADV owned about 0.17% of The Acquirers Fund worth $79,000 at the end of the most recent reporting period.

The Acquirers Fund Price Performance

ZIG stock traded down $0.01 during mid-day trading on Friday, hitting $35.06. 1,165 shares of the stock were exchanged, compared to its average volume of 4,355. The business has a fifty day moving average price of $33.55 and a 200 day moving average price of $36.46. The Acquirers Fund has a 12 month low of $29.44 and a 12 month high of $43.79. The stock has a market capitalization of $35.06 million, a price-to-earnings ratio of 8.81 and a beta of 1.02.

The Acquirers Fund Company Profile

The Acquirers Fund ETF (ZIG) is an exchange-traded fund that is based on the ZIG-US – No underlying index. The fund is an actively-managed portfolio of equity securities issued by US-listed companies that exhibit strong fundamentals and value characteristics. ZIG was launched on May 15, 2019 and is managed by Acquirers Fund.