Short Interest in First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR) Grows By 271.3%

First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 698 shares, a growth of 271.3% from the June 15th total of 188 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,120 shares, the short-interest ratio is currently 0.3 days.

First Trust Lunt U.S. Factor Rotation ETF Stock Down 1.6%

Shares of BATS FCTR opened at $39.61 on Tuesday. The firm has a market cap of $75.26 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’s 50 day moving average is $39.76 and its two-hundred day moving average is $37.79.

Hedge Funds Weigh In On First Trust Lunt U.S. Factor Rotation ETF

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in First Trust Lunt U.S. Factor Rotation ETF by 0.7% in 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. Western Wealth Management LLC acquired a new stake in shares of First Trust Lunt U.S. Factor Rotation ETF during the first quarter worth about $27,000. Camelot Portfolios LLC purchased a new position in shares of First Trust Lunt U.S. Factor Rotation ETF in the fourth quarter valued at approximately $108,000. Orion Porfolio Solutions LLC purchased a new position in shares of First Trust Lunt U.S. Factor Rotation ETF in the second quarter valued at approximately $201,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of First Trust Lunt U.S. Factor Rotation ETF in the fourth quarter valued at approximately $216,000.

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.