Alpha Brands Consumption Leaders ETF (NASDAQ:LOGO) Short Interest Down 56.7% in July

Alpha Brands Consumption Leaders ETF (NASDAQ:LOGO) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 2,759 shares, a drop of 56.7% from the July 15th total of 6,366 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,161 shares, the days-to-cover ratio is currently 0.7 days.

Alpha Brands Consumption Leaders ETF Stock Performance

Shares of NASDAQ LOGO traded down $0.09 during mid-day trading on Friday, reaching $21.39. 456 shares of the company were exchanged, compared to its average volume of 4,548. Alpha Brands Consumption Leaders ETF has a 52 week low of $18.37 and a 52 week high of $22.83. The company’s 50 day moving average price is $20.58 and its 200 day moving average price is $20.29.

About Alpha Brands Consumption Leaders ETF

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Accuvest Iconic U.S. Brands Index (\”underlying index\”).\n The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to track the broad-based performance of U.S. listed and domiciled securities with Iconic Brands, which are identified and selected based on a proprietary methodology developed by Accuvest Global Advisors (the \”index provider\”).