FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) Sees Large Drop in Short Interest

FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 4,938 shares, a decrease of 84.9% from the July 30th total of 32,701 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 14,026 shares, the days-to-cover ratio is presently 0.4 days.

FundX Future Fund Opportunities ETF Stock Down 0.9%

NYSEARCA:FFOX traded down $0.27 on Thursday, hitting $29.85. The stock had a trading volume of 20,304 shares, compared to its average volume of 20,932. FundX Future Fund Opportunities ETF has a 52 week low of $25.44 and a 52 week high of $31.30. The company has a market cap of $239.40 million, a PE ratio of 30.45 and a beta of 0.72. The business’s fifty day moving average is $29.81 and its 200 day moving average is $28.66.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Thryve Wealth Management LLC bought a new stake in FundX Future Fund Opportunities ETF during the fourth quarter worth $377,000. EP Wealth Advisors LLC bought a new stake in shares of FundX Future Fund Opportunities ETF in the 4th quarter worth $255,000. Capital Analysts LLC raised its holdings 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 valued at $4,317,000 after purchasing an additional 58,922 shares during the last quarter. One Capital Management LLC lifted its position in shares of FundX Future Fund Opportunities ETF by 8.0% during the fourth quarter. One Capital Management LLC now owns 5,493,862 shares of the company’s stock valued at $149,818,000 after purchasing an additional 405,849 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in FundX Future Fund Opportunities ETF by 1,335.2% during the third quarter. National Bank of Canada FI now owns 143,898 shares of the company’s stock worth $3,953,000 after purchasing an additional 133,872 shares during the last quarter.

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.