Hedgeye Quality Growth ETF (NYSEARCA:HGRO) Sees Large Drop in Short Interest

Hedgeye Quality Growth ETF (NYSEARCA:HGRO) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 5,668 shares, a decline of 86.1% from the May 31st total of 40,751 shares. Based on an average trading volume of 93,443 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

Hedgeye Quality Growth ETF Stock Down 0.3%

HGRO traded down $0.10 during trading on Friday, reaching $30.72. The stock had a trading volume of 31,966 shares, compared to its average volume of 73,470. Hedgeye Quality Growth ETF has a one year low of $25.78 and a one year high of $31.85. The business has a 50-day moving average of $30.66 and a 200-day moving average of $29.40.

Hedge Funds Weigh In On Hedgeye Quality Growth ETF

A number of large investors have recently modified their holdings of the company. Game Plan Financial Advisors LLC grew its position in Hedgeye Quality Growth ETF by 7.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 21,620 shares of the company’s stock valued at $614,000 after acquiring an additional 1,500 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Hedgeye Quality Growth ETF in the 4th quarter worth approximately $402,000. Finally, Copia Wealth Management bought a new stake in Hedgeye Quality Growth ETF in the fourth quarter worth $151,000.

Hedgeye Quality Growth ETF Company Profile

HGRO is an actively managed, large-cap U.S. equity ETF with approximately 40–50 high-conviction holdings. It focuses on three categories—Deep Moat Compounders, Innovators/Disruptors & S-Curve Beneficiaries, and Idiosyncratic Special Situations—to pursue long‑term capital appreciation. The fund is managed by veteran portfolio manager Sam Rahman, who brings over 30 years of investment experience.