Abacus FCF Leaders ETF (BATS:ABFL) Stock Short Interest Jumps 59.8%

Abacus FCF Leaders ETF (BATS:ABFL) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 74,957 shares, an increase of 59.8% from the August 31st total of 46,893 shares. Based on an average daily trading volume, of 13,090 shares, the days-to-cover ratio is currently 5.7 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ABFL. Cardinal Point Capital Management ULC bought a new position in Abacus FCF Leaders ETF in the 1st quarter worth $1,218,000. Dynasty Wealth Management LLC boosted 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 purchasing an additional 247,400 shares in the last quarter. Finally, Royal Bank of Canada boosted 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 purchasing an additional 2,984 shares in the last quarter.

Abacus FCF Leaders ETF Stock Performance

Shares of ABFL stock opened at $80.34 on Thursday. Abacus FCF Leaders ETF has a fifty-two week low of $63.92 and a fifty-two week high of $86.01. The firm has a market cap of $819.47 million, a P/E ratio of 31.79 and a beta of 0.92. The business’s 50 day moving average price is $82.01 and its 200-day moving average price is $80.19.

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.