The Astoria US Quality Growth Kings ETF (NASDAQ: GQQQ) experienced a significant increase in short interest, rising by 122.0% in January. As of January 15, 2024, the total short interest reached 14,108 shares, up from 6,355 shares on December 31, 2023. This surge corresponds to a short-interest ratio of 1.1 days, calculated based on an average daily trading volume of 12,764 shares. Currently, short sales represent 0.4% of the ETF’s total shares.
Institutional investment activity has also seen a shift. According to a recent filing with the Securities and Exchange Commission, Vermillion & White Wealth Management Group LLC increased its stake in the Astoria ETF by 0.5% during the second quarter of 2024. The firm now holds 622,913 shares, following the acquisition of an additional 3,346 shares. This investment constitutes approximately 11.0% of Vermillion & White’s total portfolio, making the ETF its second-largest position. At the end of the latest quarter, Vermillion & White’s holdings in the ETF were valued at about $16,862,000.
Current Stock Performance
On Friday, the Astoria US Quality Growth Kings ETF traded down by 1.3%, closing at $30.77. The trading volume was reported at 14,170 shares, slightly below its average of 14,353 shares. The ETF has a fifty-day moving average of $30.32 and a two-hundred-day moving average of $29.36. Over the past year, the stock has fluctuated between a low of $20.25 and a high of $31.34.
The ETF currently has a market capitalization of $107.70 million and a price-to-earnings ratio of 27.86, with a beta of 1.21, indicating moderate volatility in comparison to the broader market.
About the Astoria US Quality Growth Kings ETF
The Astoria US Quality Growth Kings ETF is an actively managed exchange-traded fund that focuses on investing in a diversified portfolio of 75 to 100 US companies recognized for their quality and growth potential. Launched on October 1, 2024, the fund employs a quantitative strategy for stock selection, aiming to identify and capitalize on companies with robust growth characteristics.
As interest in this ETF grows among both retail and institutional investors, monitoring its performance will be essential for understanding broader market trends as well as investor sentiment in the current economic climate.
