Hedgeye Quality Growth ETF (NYSEARCA:HGRO) Short Interest Up 1,295.6% in July

Hedgeye Quality Growth ETF (NYSEARCA:HGRO) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 39,971 shares, an increase of 1,295.6% from the July 15th total of 2,864 shares. Based on an average trading volume of 50,064 shares, the short-interest ratio is currently 0.8 days. Currently, 1.0% of the shares of the company are sold short.

Institutional Trading of Hedgeye Quality Growth ETF

A hedge fund recently bought a new stake in Hedgeye Quality Growth ETF stock. Janney Montgomery Scott LLC purchased a new stake in Hedgeye Quality Growth ETF (NYSEARCA:HGRO) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,156 shares of the company’s stock, valued at approximately $402,000. Janney Montgomery Scott LLC owned 0.53% of Hedgeye Quality Growth ETF as of its most recent filing with the SEC.

Hedgeye Quality Growth ETF Stock Performance

HGRO traded down $0.17 during trading on Tuesday, reaching $30.94. 29,781 shares of the company’s stock were exchanged, compared to its average volume of 66,253. Hedgeye Quality Growth ETF has a 1 year low of $26.04 and a 1 year high of $31.85. The company’s fifty day simple moving average is $30.82 and its 200-day simple moving average is $29.87.

About Hedgeye Quality Growth ETF

HGRO is an actively managed, large-cap U.S. equity ETF with approximately 40–50 high-conviction holdings. It focuses on three categories—Deep Moat Compounders, Innovators/Disruptors & S-Curve Beneficiaries, and Idiosyncratic Special Situations—to pursue long?term capital appreciation. The fund is managed by veteran portfolio manager Sam?Rahman, who brings over 30 years of investment experience.