First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR) Sees Large Increase in Short Interest

First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 914 shares, a growth of 97.8% from the October 15th total of 462 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,501 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On First Trust Lunt U.S. Factor Rotation ETF

Institutional investors have recently modified their holdings of the business. Western Wealth Management LLC bought a new position in First Trust Lunt U.S. Factor Rotation ETF during the first quarter worth about $27,000. Integrated Wealth Concepts LLC acquired a new stake in First Trust Lunt U.S. Factor Rotation ETF in the 2nd quarter worth about $97,000. Harbour Investments Inc. acquired a new position in shares of First Trust Lunt U.S. Factor Rotation ETF during the 3rd quarter worth approximately $294,000. Finally, Lunt Capital Management Inc. raised its position in shares of First Trust Lunt U.S. Factor Rotation ETF by 1.0% in the third quarter. Lunt Capital Management Inc. now owns 287,722 shares of the company’s stock valued at $10,809,000 after buying an additional 2,844 shares in the last quarter.

First Trust Lunt U.S. Factor Rotation ETF Price Performance

FCTR traded up $0.24 during trading on Friday, hitting $32.43. The stock had a trading volume of 2,146 shares, compared to its average volume of 2,396. The company has a 50 day moving average price of $36.30 and a 200-day moving average price of $37.85. First Trust Lunt U.S. Factor Rotation ETF has a one year low of $31.55 and a one year high of $41.36. The firm has a market cap of $45.40 million, a price-to-earnings ratio of 16.28 and a beta of 1.07.

First Trust Lunt U.S. Factor Rotation ETF Company Profile

The First Trust Lunt U.S. Factor Rotation ETF (FCTR) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks. Exposure rotates among four investment factors, selected by a risk-adjusted relative strength score FCTR was launched on Jul 25, 2018 and is managed by First Trust.