Short Interest in Abacus FCF Innovation Leaders ETF (BATS:ABOT) Declines By 82.1%

Abacus FCF Innovation Leaders ETF (BATS:ABOT) was the target of a significant drop in short interest in 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 172 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Abacus FCF Innovation Leaders ETF

Hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers bought a new stake in Abacus FCF Innovation Leaders ETF in the first quarter valued at $220,000. Osaic Holdings Inc. bought a new position in Abacus FCF Innovation Leaders ETF during the 2nd quarter valued at $295,000. Finally, Bank of America Corp DE acquired a new stake in Abacus FCF Innovation Leaders ETF in the 2nd quarter valued at about $93,000.

Abacus FCF Innovation Leaders ETF Price Performance

Shares of BATS ABOT opened at $40.43 on Monday. The stock has a market capitalization of $7.08 million, a P/E ratio of 33.48 and a beta of 0.89. Abacus FCF Innovation Leaders ETF has a 52-week low of $32.14 and a 52-week high of $41.94. The stock’s 50 day moving average price is $38.51 and its two-hundred day moving average price is $36.64.

About Abacus FCF Innovation Leaders ETF

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.