Abacus FCF Leaders ETF (BATS:ABFL – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 46,893 shares, an increase of 89.5% from the August 15th total of 24,746 shares. Based on an average daily volume of 10,312 shares, the days-to-cover ratio is presently 4.5 days. Currently, 0.5% of the shares of the stock are sold short.
Institutional Trading of Abacus FCF Leaders ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cardinal Point Capital Management ULC purchased a new position in shares of Abacus FCF Leaders ETF during the 1st quarter valued at $1,218,000. Dynasty Wealth Management LLC raised its position in shares of Abacus FCF Leaders ETF by 3.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 8,219,704 shares of the company’s stock worth $586,640,000 after buying an additional 247,400 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Abacus FCF Leaders ETF by 19.1% in the first quarter. Royal Bank of Canada now owns 18,617 shares of the company’s stock worth $1,324,000 after buying an additional 2,984 shares in the last quarter.
Abacus FCF Leaders ETF Stock Up 0.1%
Shares of ABFL opened at $80.03 on Thursday. The business’s 50-day moving average price is $82.46 and its 200-day moving average price is $79.63. Abacus FCF Leaders ETF has a twelve month low of $63.92 and a twelve month high of $86.01. The stock has a market cap of $816.31 million, a PE ratio of 31.79 and a beta of 0.92.
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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