Abacus FCF Leaders ETF (BATS:ABFL) Shares Shorted: Short Interest Up 59.8% in September

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

Abacus FCF Leaders ETF Trading Up 0.2%

BATS:ABFL opened at $80.48 on Friday. The firm’s 50 day moving average is $81.96 and its 200 day moving average is $80.26. Abacus FCF Leaders ETF has a 12 month low of $63.92 and a 12 month high of $86.01. The stock has a market capitalization of $820.90 million, a PE ratio of 31.79 and a beta of 0.92.

Institutional Investors Weigh In On Abacus FCF Leaders ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cardinal Point Capital Management ULC bought a new stake in shares of Abacus FCF Leaders ETF during the 1st quarter valued at $1,218,000. Dynasty Wealth Management LLC lifted its stake in Abacus FCF Leaders ETF by 3.1% in 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 in the last quarter. Finally, Royal Bank of Canada lifted its stake in Abacus FCF Leaders ETF by 19.1% in the 1st quarter. Royal Bank of Canada now owns 18,617 shares of the company’s stock worth $1,324,000 after purchasing an additional 2,984 shares in the last quarter.

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.