Counterpoint Quantitative Equity ETF (NYSE:CPAI) Short Interest Update
by Michael Walen · The Markets DailyCounterpoint Quantitative Equity ETF (NYSE:CPAI – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 56,323 shares, a growth of 280.0% from the August 15th total of 14,821 shares. Based on an average daily volume of 70,297 shares, the short-interest ratio is currently 0.8 days. Currently, 0.7% of the shares of the company are sold short.
Hedge Funds Weigh In On Counterpoint Quantitative Equity ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC increased its position in Counterpoint Quantitative Equity ETF by 13.1% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 1,471,116 shares of the company’s stock valued at $58,992,000 after acquiring an additional 170,700 shares during the last quarter. NewEdge Advisors LLC boosted its position in Counterpoint Quantitative Equity ETF by 230.6% in the second quarter. NewEdge Advisors LLC now owns 111,269 shares of the company’s stock worth $5,782,000 after purchasing an additional 77,610 shares during the last quarter. Independent Financial Group LLC purchased a new position in Counterpoint Quantitative Equity ETF in the first quarter worth about $3,154,000. Raymond James Financial Inc. grew its stake in shares of Counterpoint Quantitative Equity ETF by 217.4% during the 3rd quarter. Raymond James Financial Inc. now owns 95,657 shares of the company’s stock valued at $3,778,000 after purchasing an additional 65,523 shares during the period. Finally, Insigneo Advisory Services LLC bought a new stake in shares of Counterpoint Quantitative Equity ETF during the 4th quarter valued at about $2,297,000.
Counterpoint Quantitative Equity ETF Trading Up 1.9%
Shares of CPAI stock opened at $52.36 on Friday. Counterpoint Quantitative Equity ETF has a 12-month low of $37.29 and a 12-month high of $53.96. The firm’s 50 day moving average is $51.48 and its 200 day moving average is $48.26. The stock has a market capitalization of $417.31 million, a P/E ratio of -62,781.77 and a beta of 1.19.
About Counterpoint Quantitative Equity ETF
The Counterpoint Quantitative Equity ETF (CPAI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through a quantitative, model-based approach to select US stocks of any market capitalization. CPAI was launched on Nov 28, 2023 and is issued by Counterpoint.