Abacus FCF Leaders ETF (BATS:ABFL – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 31,313 shares, a decrease of 32.5% from the June 30th total of 46,385 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 12,218 shares, the short-interest ratio is currently 2.6 days.
Abacus FCF Leaders ETF Stock Up 1.9%
Shares of ABFL stock opened at $81.31 on Friday. The firm has a 50 day moving average price of $82.78 and a two-hundred day moving average price of $77.38. The company has a market capitalization of $829.36 million, a PE ratio of 31.79 and a beta of 0.92. Abacus FCF Leaders ETF has a 12-month low of $63.92 and a 12-month high of $86.01.
Hedge Funds Weigh In On Abacus FCF Leaders ETF
A number of large investors have recently made changes to their positions in the company. Dynasty Wealth Management LLC lifted its holdings in Abacus FCF Leaders ETF by 3.1% during the 4th quarter. Dynasty Wealth Management LLC now owns 8,219,704 shares of the company’s stock worth $586,640,000 after purchasing an additional 247,400 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Abacus FCF Leaders ETF in the 2nd quarter valued at $1,538,000. Cardinal Point Capital Management ULC acquired a new position in Abacus FCF Leaders ETF in the 1st quarter valued at $1,218,000. Oppenheimer & Co. Inc. acquired a new position in Abacus FCF Leaders ETF in the 4th quarter valued at $297,000. Finally, Royal Bank of Canada increased its position in Abacus FCF Leaders ETF by 27.4% during the 4th quarter. Royal Bank of Canada now owns 15,633 shares of the company’s stock worth $1,115,000 after buying an additional 3,365 shares during the period.
Abacus FCF Leaders ETF Company Profile
The Abacus FCF Leaders ETF (ABFL) is an exchange-traded fund that mostly invests in total market equity. The fund aims to outperform a broad US equity index. The actively-managed fund selects stocks based on strong free cash flow and ESG rankings. ABFL was launched on Sep 27, 2016 and is issued by FCF Advisors.
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