Counterpoint Quantitative Equity ETF (NYSE:CPAI – Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 56,323 shares, an increase of 280.0% from the August 15th total of 14,821 shares. Based on an average trading volume of 70,297 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the company’s stock are sold short.
Counterpoint Quantitative Equity ETF Trading Up 1.9%
Shares of CPAI opened at $52.36 on Friday. The business’s fifty day simple moving average is $51.48 and its two-hundred day simple moving average is $48.26. Counterpoint Quantitative Equity ETF has a 12 month low of $37.29 and a 12 month high of $53.96. The company has a market cap of $417.31 million, a price-to-earnings ratio of -62,781.77 and a beta of 1.19.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of Counterpoint Quantitative Equity ETF by 4.9% during the second quarter. JPMorgan Chase & Co. now owns 6,130 shares of the company’s stock valued at $228,000 after buying an additional 286 shares during the last quarter. Mariner LLC raised its position in Counterpoint Quantitative Equity ETF by 2.0% in the 4th quarter. Mariner LLC now owns 20,113 shares of the company’s stock worth $807,000 after buying an additional 401 shares during the last quarter. IFP Advisors Inc raised its position in Counterpoint Quantitative Equity ETF by 228.3% in the 4th quarter. IFP Advisors Inc now owns 906 shares of the company’s stock worth $36,000 after buying an additional 630 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Counterpoint Quantitative Equity ETF during the 4th quarter valued at about $31,000. Finally, Western Wealth Management LLC bought a new position in Counterpoint Quantitative Equity ETF during the 1st quarter valued at about $57,000.
Counterpoint Quantitative Equity ETF Company Profile
The Counterpoint Quantitative Equity ETF (CPAI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through a quantitative, model-based approach to select US stocks of any market capitalization. CPAI was launched on Nov 28, 2023 and is issued by Counterpoint.
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