Short Interest in Abacus FCF Innovation Leaders ETF (BATS:ABOT) Declines By 43.4%

Abacus FCF Innovation Leaders ETF (BATS:ABOT) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 168 shares, a decrease of 43.4% from the August 15th total of 297 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 284 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Abacus FCF Innovation Leaders ETF stock. Cetera Investment Advisers bought a new position in Abacus FCF Innovation Leaders ETF (BATS:ABOT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 SEC filing.

Abacus FCF Innovation Leaders ETF Price Performance

BATS ABOT opened at $44.03 on Tuesday. The company has a 50 day simple moving average of $42.26 and a 200-day simple moving average of $38.39. The firm has a market capitalization of $7.71 million, a price-to-earnings 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 $44.73.

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.