AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL – Get Free Report) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,303,551 shares, an increase of 61.4% from the May 14th total of 807,696 shares. Approximately 5.1% of the shares of the company are sold short. Based on an average daily volume of 583,155 shares, the days-to-cover ratio is presently 2.2 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Crescent Grove Advisors LLC acquired a new position in AGF U.S. Market Neutral Anti-Beta Fund in the 1st quarter valued at about $6,614,000. Advisory Services Network LLC grew its stake in AGF U.S. Market Neutral Anti-Beta Fund by 2,091.7% in the 4th quarter. Advisory Services Network LLC now owns 329,604 shares of the company’s stock valued at $4,743,000 after buying an additional 314,565 shares during the last quarter. PMV Capital Advisers LLC grew its stake in AGF U.S. Market Neutral Anti-Beta Fund by 14.0% in the 1st quarter. PMV Capital Advisers LLC now owns 246,621 shares of the company’s stock valued at $3,443,000 after buying an additional 30,234 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in AGF U.S. Market Neutral Anti-Beta Fund by 2.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 224,292 shares of the company’s stock valued at $3,571,000 after buying an additional 5,487 shares during the last quarter. Finally, Worth Asset Management LLC grew its stake in AGF U.S. Market Neutral Anti-Beta Fund by 20.5% in the 1st quarter. Worth Asset Management LLC now owns 30,472 shares of the company’s stock valued at $425,000 after buying an additional 5,190 shares during the last quarter.
AGF U.S. Market Neutral Anti-Beta Fund Stock Performance
Shares of BTAL stock opened at $11.27 on Wednesday. The firm’s 50-day moving average is $12.26 and its 200-day moving average is $13.50. The stock has a market cap of $289.64 million, a price-to-earnings ratio of 17.67 and a beta of -0.63. AGF U.S. Market Neutral Anti-Beta Fund has a 52-week low of $11.13 and a 52-week high of $18.62.
AGF U.S. Market Neutral Anti-Beta Fund Company Profile
The AGFiQ U.S. Market Neutral Anti-Beta Fund (BTAL) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an actively managed fund that takes long positions in low beta US stocks, offset by short positions in high beta US stocks. BTAL was launched on Sep 13, 2011 and is managed by AGF.
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