Abacus FCF Innovation Leaders ETF (BATS:ABOT) Short Interest Down 82.1% in June

Abacus FCF Innovation Leaders ETF (BATS:ABOT) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 10 shares, a drop of 82.1% from the June 15th total of 56 shares. Based on an average trading volume of 172 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Abacus FCF Innovation Leaders ETF

Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new stake in Abacus FCF Innovation Leaders ETF in the 2nd quarter valued at about $93,000. Cetera Investment Advisers acquired a new position in shares of Abacus FCF Innovation Leaders ETF during the 1st quarter valued at about $220,000. Finally, Osaic Holdings Inc. purchased a new position in shares of Abacus FCF Innovation Leaders ETF during the 2nd quarter worth about $295,000.

Abacus FCF Innovation Leaders ETF Stock Down 0.8%

ABOT stock opened at $40.43 on Friday. Abacus FCF Innovation Leaders ETF has a 52-week low of $32.14 and a 52-week high of $41.94. The stock’s fifty day simple moving average is $38.51 and its 200-day simple moving average is $36.66. The stock has a market capitalization of $7.08 million, a price-to-earnings ratio of 33.48 and a beta of 0.89.

Abacus FCF Innovation Leaders ETF Company Profile

The Abacus FCF Innovation Leaders ETF (ABOT) is an exchange-traded fund that is based on the FCF US Quality Innovation index. The fund tracks an index that seeks to provide exposure to US all-cap companies with strong free cash flow and R&D investments. ABOT was launched on Dec 7, 2020 and is issued by Abacus.