Short Interest in Abacus FCF Innovation Leaders ETF (BATS:ABOT) Expands By 29,600.0%

Abacus FCF Innovation Leaders ETF (BATS:ABOT) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 297 shares, a growth of 29,600.0% from the July 30th total of 1 shares. Based on an average trading volume of 331 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Abacus FCF Innovation Leaders ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE bought a new stake in Abacus FCF Innovation Leaders ETF during the 2nd quarter valued at approximately $93,000. Osaic Holdings Inc. bought a new position in shares of Abacus FCF Innovation Leaders ETF in the 2nd quarter worth approximately $295,000. Finally, Cetera Investment Advisers bought a new position in shares of Abacus FCF Innovation Leaders ETF in the 1st quarter worth approximately $220,000.

Abacus FCF Innovation Leaders ETF Stock Down 0.2%

Shares of BATS:ABOT traded down $0.09 on Tuesday, hitting $43.77. The company had a trading volume of 350 shares, compared to its average volume of 363. The firm’s 50-day simple moving average is $40.63 and its two-hundred day simple moving average is $37.40. The firm has a market capitalization of $7.66 million, a price-to-earnings ratio of 33.48 and a beta of 0.89. Abacus FCF Innovation Leaders ETF has a 1 year low of $32.14 and a 1 year high of $44.35.

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.