AXS Green Alpha ETF (NYSEARCA:NXTE) Short Interest Up 89.7% in August

AXS Green Alpha ETF (NYSEARCA:NXTE) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 2,800 shares, an increase of 89.7% from the August 15th total of 1,476 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 2,394 shares, the short-interest ratio is presently 1.2 days.

AXS Green Alpha ETF Trading Up 3.1%

Shares of NYSEARCA NXTE traded up $1.41 during midday trading on Thursday, reaching $47.53. 2,550 shares of the company were exchanged, compared to its average volume of 2,960. AXS Green Alpha ETF has a 1 year low of $35.99 and a 1 year high of $54.97. The stock has a fifty day simple moving average of $47.33 and a 200 day simple moving average of $46.26. The stock has a market cap of $95.01 million, a P/E ratio of 27.52 and a beta of 1.61.

AXS Green Alpha ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 25th were given a $0.1169 dividend. This is a boost from AXS Green Alpha ETF’s previous quarterly dividend of $0.05. This represents a $0.47 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On AXS Green Alpha ETF

Several hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in shares of AXS Green Alpha ETF in the second quarter worth approximately $449,000. Royal Bank of Canada purchased a new stake in AXS Green Alpha ETF in the first quarter valued at approximately $58,000. Finally, PFG Investments LLC acquired a new position in AXS Green Alpha ETF during the first quarter worth approximately $232,000.

About AXS Green Alpha ETF

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.