Short Interest in First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR) Rises By 271.3%

First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTRGet Free Report) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 698 shares, an increase of 271.3% from the June 15th total of 188 shares. Based on an average trading volume of 2,120 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

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

FCTR stock traded down $0.17 during midday trading on Friday, reaching $40.24. 186 shares of the company were exchanged, compared to its average volume of 2,585. The company has a market cap of $76.46 million, a price-to-earnings ratio of 30.34 and a beta of 1.10. First Trust Lunt U.S. Factor Rotation ETF has a 1-year low of $32.11 and a 1-year high of $41.36. The stock’s 50-day simple moving average is $39.72 and its 200 day simple moving average is $37.76.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in First Trust Lunt U.S. Factor Rotation ETF in the first quarter valued at $27,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of First Trust Lunt U.S. Factor Rotation ETF during the fourth quarter worth about $216,000. Goldman Sachs Group Inc. increased its position in First Trust Lunt U.S. Factor Rotation ETF by 1.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 60,453 shares of the company’s stock valued at $2,156,000 after acquiring an additional 1,016 shares during the period. Camelot Portfolios LLC acquired a new position in First Trust Lunt U.S. Factor Rotation ETF in the 4th quarter valued at about $108,000. Finally, Farther Finance Advisors LLC raised its stake in First Trust Lunt U.S. Factor Rotation ETF by 116.9% during the 4th quarter. Farther Finance Advisors LLC now owns 11,493 shares of the company’s stock valued at $410,000 after acquiring an additional 6,195 shares during the last quarter.

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

(Get Free Report)

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.

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