MFS Active Growth ETF (NYSE:MFSG) Stock Short Interest Drops 56.8%

MFS Active Growth ETF (NYSE:MFSG) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 2,405 shares, a decrease of 56.8% from the September 15th total of 5,567 shares. Based on an average trading volume of 43,263 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On MFS Active Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in MFS Active Growth ETF by 275.8% during the 1st quarter. Private Advisor Group LLC now owns 37,257 shares of the company’s stock valued at $953,000 after acquiring an additional 27,344 shares during the period. D.A. Davidson & CO. boosted its stake in MFS Active Growth ETF by 661.2% during the first quarter. D.A. Davidson & CO. now owns 68,188 shares of the company’s stock worth $1,745,000 after acquiring an additional 59,230 shares in the last quarter. Royal Bank of Canada grew its holdings in MFS Active Growth ETF by 26.6% in the first quarter. Royal Bank of Canada now owns 252,914 shares of the company’s stock worth $6,472,000 after purchasing an additional 53,158 shares during the period. Cetera Investment Advisers grew its holdings in MFS Active Growth ETF by 143.8% in the first quarter. Cetera Investment Advisers now owns 80,943 shares of the company’s stock worth $2,071,000 after purchasing an additional 47,736 shares during the period. Finally, Allegheny Financial Group increased its stake in shares of MFS Active Growth ETF by 54.1% during the first quarter. Allegheny Financial Group now owns 653,413 shares of the company’s stock valued at $16,721,000 after purchasing an additional 229,458 shares in the last quarter.

MFS Active Growth ETF Stock Performance

Shares of MFSG traded down $0.01 on Thursday, reaching $30.42. The stock had a trading volume of 311,896 shares, compared to its average volume of 78,845. The firm has a market capitalization of $398.49 million, a price-to-earnings ratio of 36.15 and a beta of 1.33. The company has a 50-day simple moving average of $30.39 and a 200-day simple moving average of $29.62. MFS Active Growth ETF has a 12-month low of $24.50 and a 12-month high of $31.55.

About MFS Active Growth ETF

The MFS Active Growth ETF (MFSG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of US and non-US growth stocks of any market capitalization. The fund utilizes a bottom-up fundamental approach to select investments MFSG was launched on Dec 5, 2024 and is issued by MFS.