Counterpoint Quantitative Equity ETF (NYSE:CPAI – Get Free Report) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 36,564 shares, a drop of 42.0% from the September 30th total of 63,048 shares. Based on an average daily volume of 80,938 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the company’s stock are short sold.
Hedge Funds Weigh In On Counterpoint Quantitative Equity ETF
Large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC bought a new position in Counterpoint Quantitative Equity ETF in the third quarter valued at approximately $4,836,000. Counterpoint Mutual Funds LLC raised its stake in shares of Counterpoint Quantitative Equity ETF by 5.3% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 1,549,616 shares of the company’s stock worth $64,758,000 after purchasing an additional 78,500 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Counterpoint Quantitative Equity ETF by 230.6% during the 2nd quarter. NewEdge Advisors LLC now owns 111,269 shares of the company’s stock worth $5,782,000 after purchasing an additional 77,610 shares in the last quarter. Independent Financial Group LLC bought a new stake in shares of Counterpoint Quantitative Equity ETF during the 1st quarter worth approximately $3,154,000. Finally, Partners Wealth Management LLC acquired a new stake in shares of Counterpoint Quantitative Equity ETF in the 3rd quarter valued at approximately $2,241,000.
Counterpoint Quantitative Equity ETF Stock Up 0.8%
Shares of CPAI stock traded up $0.40 during trading on Tuesday, reaching $51.96. The company’s stock had a trading volume of 5,464 shares, compared to its average volume of 59,385. Counterpoint Quantitative Equity ETF has a one year low of $37.29 and a one year high of $53.96. The business has a fifty day moving average price of $52.41 and a 200-day moving average price of $48.41. The company has a market cap of $531.03 million, a price-to-earnings ratio of -62,299.76 and a beta of 1.17.
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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