Short Interest in AllianzIM U.S. Large Cap Buffer10 Sep ETF (NYSEARCA:SEPT) Rises By 42.9%

AllianzIM U.S. Large Cap Buffer10 Sep ETF (NYSEARCA:SEPT) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 24,300 shares, an increase of 42.9% from the September 15th total of 17,000 shares. Based on an average daily volume of 41,800 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 41,800 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Focus Financial Network Inc. purchased a new position in AllianzIM U.S. Large Cap Buffer10 Sep ETF in the second quarter worth approximately $208,000. OLD Mission Capital LLC grew its position in AllianzIM U.S. Large Cap Buffer10 Sep ETF by 118.5% in the first quarter. OLD Mission Capital LLC now owns 27,774 shares of the company’s stock worth $829,000 after acquiring an additional 15,063 shares during the period. Nvest Financial LLC grew its position in AllianzIM U.S. Large Cap Buffer10 Sep ETF by 2.1% in the second quarter. Nvest Financial LLC now owns 27,999 shares of the company’s stock worth $902,000 after acquiring an additional 580 shares during the period. Commonwealth Equity Services LLC grew its position in AllianzIM U.S. Large Cap Buffer10 Sep ETF by 673.9% in the third quarter. Commonwealth Equity Services LLC now owns 427,910 shares of the company’s stock worth $14,750,000 after acquiring an additional 372,617 shares during the period. Finally, Quest 10 Wealth Builders Inc. purchased a new position in AllianzIM U.S. Large Cap Buffer10 Sep ETF in the third quarter worth approximately $859,000.

AllianzIM U.S. Large Cap Buffer10 Sep ETF Stock Performance

NYSEARCA:SEPT opened at $34.76 on Friday. AllianzIM U.S. Large Cap Buffer10 Sep ETF has a one year low of $25.54 and a one year high of $34.81. The stock has a market cap of $100.11 million, a PE ratio of 24.57 and a beta of 0.73. The stock has a 50 day moving average price of $34.09 and a 200 day moving average price of $32.24.

AllianzIM U.S. Large Cap Buffer10 Sep ETF Company Profile

The AllianzIM U.S. Large Cap Buffer10 Sep ETF (SEPT) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF Trust over a one-year holding period. The actively managed fund holds options and collateral. SEPT was launched on Aug 31, 2023 and is issued by Allianz.