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

FundX Future Fund Opportunities ETF (NYSEARCA:FFOX) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 33,198 shares, a growth of 229.9% from the August 31st total of 10,063 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 16,930 shares, the short-interest ratio is currently 2.0 days.

FundX Future Fund Opportunities ETF Price Performance

Shares of FFOX traded up $0.10 during trading hours on Friday, hitting $28.50. 38,827 shares of the stock were exchanged, compared to its average volume of 20,654. FundX Future Fund Opportunities ETF has a fifty-two week low of $25.44 and a fifty-two week high of $31.30. The business has a 50-day moving average of $29.40 and a 200-day moving average of $28.67. The firm has a market capitalization of $230.56 million, a P/E ratio of 30.45 and a beta of 0.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FFOX. Capital Analysts LLC lifted its stake in 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 buying an additional 58,922 shares during the period. One Capital Management LLC grew its position in shares of FundX Future Fund Opportunities ETF by 8.0% during the 4th quarter. One Capital Management LLC now owns 5,493,862 shares of the company’s stock worth $149,818,000 after buying an additional 405,849 shares during the period. Finally, Thryve Wealth Management LLC bought a new stake in shares of FundX Future Fund Opportunities ETF in the 4th quarter valued at $377,000.

About FundX Future Fund Opportunities ETF

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.