Virtus Alpha Simplex Managed Futures ETF (NYSEARCA:ASMF) Sees Large Growth in Short Interest
by Sarita Garza · The Markets DailyVirtus Alpha Simplex Managed Futures ETF (NYSEARCA:ASMF – Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 12,103 shares, an increase of 692.1% from the March 15th total of 1,528 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 10,732 shares, the short-interest ratio is currently 1.1 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC lifted its stake in Virtus Alpha Simplex Managed Futures ETF by 136.9% during the first quarter. Jane Street Group LLC now owns 30,394 shares of the company’s stock valued at $706,000 after purchasing an additional 17,565 shares during the last quarter. Abbington Investment Group acquired a new stake in Virtus Alpha Simplex Managed Futures ETF during the third quarter valued at approximately $2,163,000. Finally, A&I Financial Services LLC acquired a new stake in Virtus Alpha Simplex Managed Futures ETF during the third quarter valued at approximately $8,749,000.
Virtus Alpha Simplex Managed Futures ETF Price Performance
Shares of NYSEARCA ASMF traded up $0.06 during midday trading on Friday, hitting $25.39. 5,085 shares of the company’s stock were exchanged, compared to its average volume of 10,150. The stock’s 50 day moving average price is $25.60 and its 200-day moving average price is $24.44. The firm has a market cap of $30.47 million, a P/E ratio of 15.22 and a beta of 0.27. Virtus Alpha Simplex Managed Futures ETF has a twelve month low of $22.07 and a twelve month high of $26.43.
About Virtus Alpha Simplex Managed Futures ETF
The Virtus Alphasimplex Managed Futures ETF (ASMF) is an exchange-traded fund that mostly invests in global macro alternatives. The fund is an actively managed alternative fund that uses trend-following models and risk management approaches to capture opportunities in futures contracts of various asset classes. ASMF was launched on May 15, 2024 and is issued by Virtus Investment Partners.