MFS Active Growth ETF (NYSE:MFSG) Sees Significant Decrease in Short Interest

MFS Active Growth ETF (NYSE:MFSG) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 4,617 shares, a drop of 65.2% from the August 15th total of 13,286 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 42,851 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Apollon Wealth Management LLC grew its holdings in MFS Active Growth ETF by 1.6% during the first quarter. Apollon Wealth Management LLC now owns 56,540 shares of the company’s stock worth $1,447,000 after acquiring an additional 884 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in MFS Active Growth ETF in the 2nd quarter valued at about $47,000. Bank of America Corp DE lifted its holdings in MFS Active Growth ETF by 17.9% in the 1st quarter. Bank of America Corp DE now owns 10,502 shares of the company’s stock valued at $269,000 after acquiring an additional 1,593 shares during the last quarter. Richmond Investment Services LLC bought a new position in shares of MFS Active Growth ETF during the 1st quarter valued at about $269,000. Finally, Dickmeyer Boyce Financial Management Inc. bought a new position in shares of MFS Active Growth ETF during the 1st quarter valued at about $428,000.

MFS Active Growth ETF Stock Performance

Shares of MFSG stock traded down $0.36 during mid-day trading on Monday, hitting $29.60. 46,509 shares of the stock traded hands, compared to its average volume of 81,133. MFS Active Growth ETF has a twelve month low of $24.50 and a twelve month high of $30.92. The firm has a market cap of $364.08 million, a price-to-earnings ratio of 36.15 and a beta of 1.35. The company’s 50-day simple moving average is $29.92 and its 200-day simple moving average is $28.98.

MFS Active Growth ETF Company Profile

The MFS Active Growth ETF (MFSG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of US and non-US growth stocks of any market capitalization. The fund utilizes a bottom-up fundamental approach to select investments MFSG was launched on Dec 5, 2024 and is issued by MFS.