Abacus FCF Innovation Leaders ETF (BATS:ABOT) Sees Large Increase in Short Interest

Abacus FCF Innovation Leaders ETF (BATS:ABOT) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 174 shares, an increase of 987.5% from the September 30th total of 16 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 731 shares, the short-interest ratio is presently 0.2 days.

Abacus FCF Innovation Leaders ETF Price Performance

ABOT traded up $0.30 during trading on Monday, hitting $46.71. The stock had a trading volume of 78 shares, compared to its average volume of 375. The company has a 50 day moving average price of $44.19 and a 200-day moving average price of $38.94. Abacus FCF Innovation Leaders ETF has a one year low of $32.14 and a one year high of $46.71. The firm has a market cap of $8.17 million, a price-to-earnings ratio of 33.48 and a beta of 0.89.

Institutional Investors Weigh In On Abacus FCF Innovation Leaders ETF

A hedge fund recently bought a new position in Abacus FCF Innovation Leaders ETF stock. Cetera Investment Advisers purchased a new stake in Abacus FCF Innovation Leaders ETF (BATS:ABOT) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,631 shares of the company’s stock, valued at approximately $220,000. Cetera Investment Advisers owned approximately 3.79% of Abacus FCF Innovation Leaders ETF as of its most recent filing with the Securities & Exchange Commission.

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.