First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR) Sees Significant Growth in Short Interest

First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 3,485 shares, a growth of 537.1% from the July 30th total of 547 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 3,136 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On First Trust Lunt U.S. Factor Rotation ETF

Several institutional investors have recently bought and sold shares of FCTR. Goldman Sachs Group Inc. lifted its stake in First Trust Lunt U.S. Factor Rotation ETF by 0.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,224 shares of the company’s stock valued at $1,522,000 after acquiring an additional 353 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new stake in shares of First Trust Lunt U.S. Factor Rotation ETF in the second quarter valued at about $201,000. Farther Finance Advisors LLC raised its holdings in shares of First Trust Lunt U.S. Factor Rotation ETF by 116.9% in the fourth quarter. Farther Finance Advisors LLC now owns 11,493 shares of the company’s stock valued at $410,000 after purchasing an additional 6,195 shares during the last quarter. Camelot Portfolios LLC bought a new position in shares of First Trust Lunt U.S. Factor Rotation ETF during the fourth quarter valued at about $108,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of First Trust Lunt U.S. Factor Rotation ETF during the fourth quarter valued at about $216,000.

First Trust Lunt U.S. Factor Rotation ETF Stock Down 0.3%

Shares of First Trust Lunt U.S. Factor Rotation ETF stock opened at $40.74 on Friday. The company has a market cap of $77.41 million, a PE ratio of 30.34 and a beta of 1.10. First Trust Lunt U.S. Factor Rotation ETF has a 52 week low of $32.11 and a 52 week high of $41.36. The business has a 50 day moving average price of $39.83 and a 200-day moving average price of $38.38.

About First Trust Lunt U.S. Factor Rotation ETF

The First Trust Lunt U.S. Factor Rotation ETF (FCTR) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks. Exposure rotates among four investment factors, selected by a risk-adjusted relative strength score FCTR was launched on Jul 25, 2018 and is managed by First Trust.