Abacus FCF Leaders ETF (BATS:ABFL) Shares Shorted: Short Interest Up 120.9% in October

Abacus FCF Leaders ETF (BATS:ABFL) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 39,527 shares, a growth of 120.9% from the October 15th total of 17,893 shares. Based on an average trading volume of 22,968 shares, the short-interest ratio is currently 1.7 days. Approximately 0.7% of the shares of the stock are short sold.

Abacus FCF Leaders ETF Stock Down 0.1%

Shares of ABFL traded down $0.05 during trading hours on Friday, hitting $77.23. The company had a trading volume of 32,277 shares, compared to its average volume of 48,553. The firm has a market cap of $446.39 million, a P/E ratio of 24.01 and a beta of 0.88. The stock’s 50 day moving average price is $79.95 and its 200 day moving average price is $78.97. Abacus FCF Leaders ETF has a 52-week low of $67.94 and a 52-week high of $86.01.

Institutional Investors Weigh In On Abacus FCF Leaders ETF

Large investors have recently made changes to their positions in the business. Centerline Wealth Advisors LLC increased its position in shares of Abacus FCF Leaders ETF by 1.0% during 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 during the period. Cyndeo Wealth Partners LLC lifted its holdings in Abacus FCF Leaders ETF by 5.4% in the third quarter. Cyndeo Wealth Partners LLC now owns 59,724 shares of the company’s stock worth $4,798,000 after buying an additional 3,074 shares during the period. Royal Bank of Canada lifted its holdings in Abacus FCF Leaders ETF by 19.1% in the first quarter. Royal Bank of Canada now owns 18,617 shares of the company’s stock worth $1,324,000 after buying an additional 2,984 shares during the period. Fairvoy Private Wealth LLC lifted its holdings in Abacus FCF Leaders ETF by 15.9% in the third quarter. Fairvoy Private Wealth LLC now owns 14,307 shares of the company’s stock worth $1,149,000 after buying an additional 1,963 shares during the period. Finally, Apollon Wealth Management LLC bought a new stake in Abacus FCF Leaders ETF during the 3rd quarter valued at approximately $612,000.

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.