Short Interest in AXS Green Alpha ETF (NYSEARCA:NXTE) Expands By 424.1%

AXS Green Alpha ETF (NYSEARCA:NXTE) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,263 shares, a growth of 424.1% from the June 15th total of 241 shares. Based on an average trading volume of 3,601 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

AXS Green Alpha ETF Stock Down 1.9%

Shares of NYSEARCA NXTE opened at $50.13 on Friday. The stock has a market capitalization of $55.14 million, a price-to-earnings ratio of 27.52 and a beta of 1.56. The stock’s fifty day simple moving average is $49.85 and its 200 day simple moving average is $44.24. AXS Green Alpha ETF has a 52-week low of $33.52 and a 52-week high of $54.97.

Hedge Funds Weigh In On AXS Green Alpha ETF

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada purchased a new stake in AXS Green Alpha ETF during the first quarter valued at about $58,000. Invested Advisors purchased a new position in shares of AXS Green Alpha ETF in the fourth quarter worth approximately $219,000. PFG Investments LLC acquired a new stake in shares of AXS Green Alpha ETF during the first quarter valued at approximately $232,000. Investment Research Partners LLC acquired a new stake in shares of AXS Green Alpha ETF during the third quarter valued at approximately $274,000. Finally, Prime Capital Investment Advisors LLC lifted its position in shares of AXS Green Alpha ETF by 18.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 89,151 shares of the company’s stock valued at $3,440,000 after acquiring an additional 14,188 shares in the last quarter.

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.