Abacus FCF Leaders ETF (BATS:ABFL) Stock Short Interest Drops 43.8%

Abacus FCF Leaders ETF (BATS:ABFL) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 42,110 shares, a decline of 43.8% from the September 15th total of 74,957 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 11,711 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ABFL. Cardinal Point Capital Management ULC bought a new position in shares of Abacus FCF Leaders ETF during the 1st quarter worth about $1,218,000. Royal Bank of Canada lifted its holdings in shares of Abacus FCF Leaders ETF by 19.1% in the 1st quarter. Royal Bank of Canada now owns 18,617 shares of the company’s stock worth $1,324,000 after purchasing an additional 2,984 shares in the last quarter. Centerline Wealth Advisors LLC lifted its stake in shares of Abacus FCF Leaders ETF by 1.0% in the third quarter. Centerline Wealth Advisors LLC now owns 132,971 shares of the company’s stock valued at $10,683,000 after buying an additional 1,267 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of Abacus FCF Leaders ETF in the third quarter valued at $72,000.

Abacus FCF Leaders ETF Price Performance

Shares of ABFL stock opened at $80.46 on Friday. Abacus FCF Leaders ETF has a one year low of $67.94 and a one year high of $86.01. The business’s 50 day simple moving average is $81.79 and its 200 day simple moving average is $80.95. The stock has a market capitalization of $820.69 million, a PE ratio of 31.79 and a beta of 0.92.

About Abacus FCF Leaders ETF

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.