LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) Trading 0% Higher – Time to Buy?

Shares of LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) traded up 0% during trading on Tuesday . The stock traded as high as $33.15 and last traded at $33.1450. Approximately 852 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 5,028 shares. The stock had previously closed at $33.14.

LeaderShares Activist Leaders ETF Stock Performance

The company has a market cap of $8.29 million, a price-to-earnings ratio of -51.79 and a beta of 0.96. The company’s 50 day moving average price is $33.14 and its 200 day moving average price is $33.15.

Hedge Funds Weigh In On LeaderShares Activist Leaders ETF

An institutional investor recently bought a new stake in LeaderShares Activist Leaders ETF stock. Flow Traders U.S. LLC purchased a new position in LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,516 shares of the company’s stock, valued at approximately $423,000. Flow Traders U.S. LLC owned about 5.01% of LeaderShares Activist Leaders ETF at the end of the most recent reporting period. Hedge funds and other institutional investors own 26.06% of the company’s stock.

LeaderShares Activist Leaders ETF Company Profile

The LeaderShares Activist Leaders ETF (ACTV) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US equity securities that are the target of shareholder activism. ACTV was launched on Oct 27, 2020 and is managed by LeaderShares.