Short interest in Strive 1000 Growth ETF (NASDAQ:STXG) experienced a notable increase in August. The total number of shares held in short positions rose to 12,000, which is an 18.8% growth compared to the previous total of 10,100 shares on August 15th. Currently, with an average trading volume of 9,400 shares, the short-interest ratio stands at 1.3 days.
The price performance of Strive 1000 Growth ETF stock saw a decline of $0.43 during trading hours on Friday, reaching $31.24. The company’s stock had a trading volume of 3,881 shares, lower than the average volume of 8,597. It holds a 50-day moving average price of $31.49 and a two-hundred day moving average price of $29.66. The 12-month low for Strive 1000 Growth ETF is $24.75, while the 12-month high is $32.39.
Furthermore, the company recently announced that a quarterly dividend was paid on June 30th. Stockholders of record on June 29th received a $0.0336 dividend, resulting in an annualized dividend of $0.13 and a dividend yield of 0.43%. This dividend announcement may have influenced the interest of institutional investors in Strive 1000 Growth ETF.
One hedge fund, WealthPLAN Partners LLC, showed an increase in its stake in Strive 1000 Growth ETF stock during the first quarter. They acquired an additional 56,241 shares, boosting their stake by 354.5%. This raised their total ownership to 72,105 shares, with a value of $2,028,000 according to their most recent SEC filing.
Strive 1000 Growth ETF (STXG) is an exchange-traded fund that tracks the performance of the Bloomberg US 1000 Growth index. The fund focuses on US-listed large- and mid-cap companies that demonstrate growth characteristics. Securities in the index are selected based on fundamental factors and weighted according to free-float market cap.
Sources:
– Article:Strive 1000 Growth ETF Sees Significant Increase in Short Interest (NASDAQ:STXG)
– Company website: Strive 1000 Growth ETF