Short Interest in FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) Drops By 35.9%

FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 45,148 shares, a drop of 35.9% from the April 15th total of 70,406 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 19,954 shares, the short-interest ratio is currently 2.3 days.

Institutional Investors Weigh In On FundX Future Fund Opportunities ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. EP Wealth Advisors LLC acquired a new stake in shares of FundX Future Fund Opportunities ETF in the fourth quarter worth $255,000. Thryve Wealth Management LLC acquired a new stake in shares of FundX Future Fund Opportunities ETF in the fourth quarter worth $377,000. National Bank of Canada FI grew its stake in shares of FundX Future Fund Opportunities ETF by 1,335.2% in the third quarter. National Bank of Canada FI now owns 143,898 shares of the company’s stock worth $3,953,000 after acquiring an additional 133,872 shares during the last quarter. Capital Analysts LLC grew its stake in shares of FundX Future Fund Opportunities ETF by 59.3% in the fourth quarter. Capital Analysts LLC now owns 158,295 shares of the company’s stock worth $4,317,000 after acquiring an additional 58,922 shares during the last quarter. Finally, One Capital Management LLC grew its stake in shares of FundX Future Fund Opportunities ETF by 8.8% in the third quarter. One Capital Management LLC now owns 5,088,013 shares of the company’s stock worth $139,844,000 after acquiring an additional 412,071 shares during the last quarter.

FundX Future Fund Opportunities ETF Trading Down 0.8%

Shares of FundX Future Fund Opportunities ETF stock opened at $27.11 on Wednesday. The company’s fifty day simple moving average is $27.65 and its 200-day simple moving average is $28.00. The company has a market cap of $205.76 million, a price-to-earnings ratio of 30.45 and a beta of 1.50. FundX Future Fund Opportunities ETF has a 1 year low of $24.75 and a 1 year high of $29.64.

FundX Future Fund Opportunities ETF Company Profile

The Future Fund Opportunities ETF is an actively managed ETF that, under normal market conditions, will primarily invest in the equity securities of companies that the Adviser believes to be best positioned to take advantage of long-term megatrends. Long-term megatrends are driven by changes in technology, consumer preferences, demographics, and environmental sustainability, which can lead to significant increases in their markets, earnings trajectories, and market capitalizations.