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

Abacus FCF Leaders ETF (BATS:ABFL) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,827 shares, an increase of 72.1% from the May 14th total of 1,643 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 17,480 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Abacus FCF Leaders ETF

Large investors have recently modified their holdings of the company. Centerline Wealth Advisors LLC purchased a new stake in shares of Abacus FCF Leaders ETF during the 4th quarter valued at about $19,394,000. JPMorgan Chase & Co. raised its holdings in shares of Abacus FCF Leaders ETF by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,411,395 shares of the company’s stock valued at $533,391,000 after buying an additional 358,965 shares during the period. Dynasty Wealth Management LLC raised its holdings 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 buying an additional 247,400 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Abacus FCF Leaders ETF during the 4th quarter valued at about $297,000. Finally, Key Capital Management INC purchased a new stake in shares of Abacus FCF Leaders ETF during the 4th quarter valued at about $52,000.

Abacus FCF Leaders ETF Price Performance

Abacus FCF Leaders ETF stock opened at $82.54 on Monday. The stock’s 50-day moving average is $79.07 and its 200-day moving average is $74.72. The company has a market cap of $841.91 million, a price-to-earnings ratio of 31.79 and a beta of 0.92. Abacus FCF Leaders ETF has a 12 month low of $63.92 and a 12 month high of $84.14.

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.