AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL – Get Free Report) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 922,456 shares, a decrease of 36.3% from the September 15th total of 1,447,471 shares. Approximately 3.6% of the shares of the company are short sold. Based on an average daily volume of 588,503 shares, the days-to-cover ratio is presently 1.6 days.
AGF U.S. Market Neutral Anti-Beta Fund Stock Up 2.1%
BTAL stock traded up $0.27 during mid-day trading on Friday, reaching $13.02. The company had a trading volume of 1,274,426 shares, compared to its average volume of 775,735. The stock’s 50-day simple moving average is $12.16 and its two-hundred day simple moving average is $12.14. AGF U.S. Market Neutral Anti-Beta Fund has a one year low of $10.86 and a one year high of $16.14. The stock has a market capitalization of $332.66 million, a P/E ratio of 17.67 and a beta of -0.65.
Hedge Funds Weigh In On AGF U.S. Market Neutral Anti-Beta Fund
Several hedge funds have recently modified their holdings of BTAL. CoreCap Advisors LLC acquired a new position in shares of AGF U.S. Market Neutral Anti-Beta Fund in the 2nd quarter worth approximately $36,000. Bank of New York Mellon Corp lifted its holdings in shares of AGF U.S. Market Neutral Anti-Beta Fund by 59.4% during the 1st quarter. Bank of New York Mellon Corp now owns 27,235 shares of the company’s stock valued at $380,000 after buying an additional 10,146 shares during the last quarter. Worth Asset Management LLC increased its stake in shares of AGF U.S. Market Neutral Anti-Beta Fund by 20.5% during the 1st quarter. Worth Asset Management LLC now owns 30,472 shares of the company’s stock worth $425,000 after purchasing an additional 5,190 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in AGF U.S. Market Neutral Anti-Beta Fund by 939.7% during the third quarter. Farther Finance Advisors LLC now owns 42,356 shares of the company’s stock valued at $508,000 after buying an additional 38,282 shares in the last quarter. Finally, PMV Capital Advisers LLC boosted its position in AGF U.S. Market Neutral Anti-Beta Fund by 14.0% during the first quarter. PMV Capital Advisers LLC now owns 246,621 shares of the company’s stock worth $3,443,000 after purchasing an additional 30,234 shares during the period.
About AGF U.S. Market Neutral Anti-Beta Fund
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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