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

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

Institutional Investors Weigh In On MFS Active Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MFSG. Allegheny Financial Group increased its stake in shares of MFS Active Growth ETF by 54.1% in the first quarter. Allegheny Financial Group now owns 653,413 shares of the company’s stock worth $16,721,000 after purchasing an additional 229,458 shares during the period. Royal Bank of Canada lifted its position in shares of MFS Active Growth ETF by 26.6% during the 1st 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 last quarter. Cetera Investment Advisers boosted its stake in MFS Active Growth ETF by 143.8% during the 1st quarter. Cetera Investment Advisers now owns 80,943 shares of the company’s stock valued at $2,071,000 after purchasing an additional 47,736 shares during the period. D.A. Davidson & CO. boosted its stake in MFS Active Growth ETF by 661.2% during the 1st quarter. D.A. Davidson & CO. now owns 68,188 shares of the company’s stock valued at $1,745,000 after purchasing an additional 59,230 shares during the period. Finally, Apollon Wealth Management LLC boosted its stake in MFS Active Growth ETF by 1.6% during the 1st quarter. Apollon Wealth Management LLC now owns 56,540 shares of the company’s stock valued at $1,447,000 after purchasing an additional 884 shares during the period.

MFS Active Growth ETF Trading Down 1.9%

MFS Active Growth ETF stock traded down $0.60 on Wednesday, reaching $30.43. 73,197 shares of the stock were exchanged, compared to its average volume of 77,662. The stock has a market cap of $398.63 million, a PE ratio of 36.15 and a beta of 1.33. MFS Active Growth ETF has a twelve month low of $24.50 and a twelve month high of $31.55. The firm has a fifty day moving average price of $30.39 and a two-hundred day moving average price of $29.62.

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.