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) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 3,485 shares, an increase of 537.1% from the July 30th total of 547 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 3,136 shares, the days-to-cover ratio is presently 1.1 days.

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

BATS:FCTR traded down $0.14 on Thursday, reaching $40.71. 1,330 shares of the company’s stock were exchanged, compared to its average volume of 2,494. The firm has a market capitalization of $77.35 million, a price-to-earnings 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 fifty day moving average of $39.82 and a 200-day moving average of $38.35.

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

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in 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 acquiring an additional 6,195 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of First Trust Lunt U.S. Factor Rotation ETF during the fourth quarter worth about $216,000. Orion Porfolio Solutions LLC acquired a new stake in shares of First Trust Lunt U.S. Factor Rotation ETF during the second quarter worth about $201,000. Camelot Portfolios LLC purchased a new stake in shares of First Trust Lunt U.S. Factor Rotation ETF in the 4th quarter valued at about $108,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of First Trust Lunt U.S. Factor Rotation ETF by 1.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 60,453 shares of the company’s stock valued at $2,156,000 after purchasing an additional 1,016 shares during the last quarter.

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.