Boothbay Fund Management Trims Axos Financial Stake

Institutional investor reduces holdings in online banking firm by 30.4%

Mar. 16, 2026 at 7:52am

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Boothbay Fund Management LLC decreased its stake in Axos Financial, Inc. (NYSE: AX) by 30.4% in the third quarter, according to a recent SEC filing. The firm now owns 88,181 shares of the company's stock, worth approximately $7.47 million.

Why it matters

Axos Financial is a leading online banking and financial services firm, and changes in institutional ownership can signal shifts in market sentiment around the company's performance and future prospects.

The details

According to the filing, Boothbay Fund Management sold 38,579 shares of Axos Financial during the third quarter. The firm now owns about 0.16% of the company's outstanding shares. Several other large investors have also adjusted their positions in Axos Financial in recent quarters.

  • Boothbay Fund Management decreased its Axos Financial holdings in the third quarter of 2026.

The players

Boothbay Fund Management LLC

An institutional investment firm that has reduced its stake in Axos Financial.

Axos Financial, Inc.

A diversified online banking and financial services holding company headquartered in San Diego, California.

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The takeaway

The reduction in Boothbay Fund Management's Axos Financial holdings suggests the investment firm may have a more cautious outlook on the online banking company's near-term performance or growth prospects, though Axos Financial remains a well-regarded player in the digital banking space.