Counterpoint Quantitative Equity ETF (NYSE:CPAI) Short Interest Update

Counterpoint Quantitative Equity ETF (NYSE:CPAI) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 14,099 shares, a decrease of 75.0% from the August 31st total of 56,323 shares. Based on an average daily volume of 57,065 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Counterpoint Quantitative Equity ETF

Hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in Counterpoint Quantitative Equity ETF by 228.3% during the fourth quarter. IFP Advisors Inc now owns 906 shares of the company’s stock valued at $36,000 after acquiring an additional 630 shares in the last quarter. Western Wealth Management LLC bought a new stake in Counterpoint Quantitative Equity ETF in the first quarter worth approximately $57,000. Fifth Third Bancorp acquired a new position in shares of Counterpoint Quantitative Equity ETF during the 1st quarter worth $72,000. PUREfi Wealth LLC acquired a new position in shares of Counterpoint Quantitative Equity ETF during the 1st quarter worth $209,000. Finally, Hilltop Holdings Inc. bought a new position in shares of Counterpoint Quantitative Equity ETF during the 1st quarter valued at $459,000.

Counterpoint Quantitative Equity ETF Stock Up 0.4%

Shares of CPAI traded up $0.21 during midday trading on Friday, reaching $52.36. 178,743 shares of the stock were exchanged, compared to its average volume of 57,228. Counterpoint Quantitative Equity ETF has a 12-month low of $37.29 and a 12-month high of $53.96. The firm has a 50 day simple moving average of $51.73 and a 200-day simple moving average of $48.82. The company has a market cap of $466.00 million, a price-to-earnings ratio of -62,780.58 and a beta of 1.19.

About Counterpoint Quantitative Equity ETF

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.