Abacus FCF Leaders ETF (BATS:ABFL) Sees Large Increase in Short Interest

Abacus FCF Leaders ETF (BATS:ABFL) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 46,893 shares, a growth of 89.5% from the August 15th total of 24,746 shares. Based on an average daily trading volume, of 10,312 shares, the short-interest ratio is presently 4.5 days. Approximately 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Abacus FCF Leaders ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of Abacus FCF Leaders ETF by 19.1% during the 1st quarter. Royal Bank of Canada now owns 18,617 shares of the company’s stock valued at $1,324,000 after acquiring an additional 2,984 shares during the last quarter. Cardinal Point Capital Management ULC purchased a new stake in shares of Abacus FCF Leaders ETF during the 1st quarter valued at $1,218,000. Finally, Dynasty Wealth Management LLC grew its stake in shares of 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 valued at $586,640,000 after buying an additional 247,400 shares during the period.

Abacus FCF Leaders ETF Stock Up 0.7%

Shares of BATS:ABFL opened at $80.60 on Friday. The company has a market capitalization of $822.12 million, a P/E ratio of 31.79 and a beta of 0.92. The stock’s fifty day simple moving average is $82.39 and its 200-day simple moving average is $79.67. Abacus FCF Leaders ETF has a 52-week low of $63.92 and a 52-week high of $86.01.

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.