Abacus FCF Leaders ETF (BATS:ABFL) Sees Significant Drop in Short Interest

Abacus FCF Leaders ETF (BATS:ABFL) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,643 shares, a decrease of 83.9% from the April 30th total of 10,197 shares. Based on an average daily trading volume, of 20,065 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Abacus FCF Leaders ETF Price Performance

Shares of BATS ABFL opened at $82.05 on Thursday. The company’s 50 day simple moving average is $76.45 and its 200 day simple moving average is $73.73. Abacus FCF Leaders ETF has a fifty-two week low of $63.92 and a fifty-two week high of $82.72. The firm has a market capitalization of $836.91 million, a P/E ratio of 31.79 and a beta of 0.92.

Hedge Funds Weigh In On Abacus FCF Leaders ETF

Several large investors have recently bought and sold shares of ABFL. Royal Bank of Canada raised its holdings in 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 purchasing an additional 2,984 shares during the period. Cardinal Point Capital Management ULC acquired a new stake in Abacus FCF Leaders ETF in the first quarter worth $1,218,000. Kestra Advisory Services LLC raised its holdings in Abacus FCF Leaders ETF by 14.2% in the fourth quarter. Kestra Advisory Services LLC now owns 8,053 shares of the company’s stock worth $575,000 after purchasing an additional 1,004 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Abacus FCF Leaders ETF by 1.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,214 shares of the company’s stock worth $586,000 after purchasing an additional 147 shares during the period. Finally, Dynasty Wealth Management LLC raised its holdings in 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 purchasing an additional 247,400 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.