AXS Green Alpha ETF (NYSEARCA:NXTE – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 3,795 shares, an increase of 200.5% from the June 30th total of 1,263 shares. Based on an average daily trading volume, of 6,710 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short.
AXS Green Alpha ETF Trading Down 2.0%
NYSEARCA:NXTE traded down $0.92 during midday trading on Monday, hitting $44.76. 8,007 shares of the company were exchanged, compared to its average volume of 2,847. AXS Green Alpha ETF has a fifty-two week low of $33.52 and a fifty-two week high of $54.97. The company has a market capitalization of $49.24 million, a PE ratio of 27.52 and a beta of 1.56. The company has a fifty day simple moving average of $49.90 and a 200 day simple moving average of $44.83.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in NXTE. Royal Bank of Canada acquired a new stake in shares of AXS Green Alpha ETF in the first quarter valued at approximately $58,000. PFG Investments LLC purchased a new position in AXS Green Alpha ETF during the 1st quarter worth $232,000. Invested Advisors purchased a new position in AXS Green Alpha ETF during the 4th quarter worth $219,000. Natural Investments LLC acquired a new position in AXS Green Alpha ETF in the fourth quarter valued at $7,909,000. Finally, Prime Capital Investment Advisors LLC increased its stake in AXS Green Alpha ETF by 18.9% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 89,151 shares of the company’s stock valued at $3,440,000 after purchasing an additional 14,188 shares during the period.
AXS Green Alpha ETF Company Profile
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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