Short Interest in First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR) Decreases By 52.2%

First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,666 shares, a drop of 52.2% from the August 15th total of 3,485 shares. Based on an average trading volume of 1,595 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the company’s shares are sold short.

First Trust Lunt U.S. Factor Rotation ETF Stock Performance

FCTR stock opened at $39.59 on Monday. The company has a 50 day moving average price of $39.76 and a two-hundred day moving average price of $38.61. The stock has a market capitalization of $75.22 million, a P/E ratio of 30.34 and a beta of 1.10. First Trust Lunt U.S. Factor Rotation ETF has a one year low of $32.11 and a one year high of $41.36.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its stake in First Trust Lunt U.S. Factor Rotation ETF by 1.7% in the fourth 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. Mercer Global Advisors Inc. ADV acquired a new stake in First Trust Lunt U.S. Factor Rotation ETF in the 4th quarter worth about $216,000. Orion Porfolio Solutions LLC acquired a new stake in First Trust Lunt U.S. Factor Rotation ETF in the 2nd quarter worth about $201,000. Integrated Wealth Concepts LLC purchased a new stake in First Trust Lunt U.S. Factor Rotation ETF in the 2nd quarter valued at about $97,000. Finally, Western Wealth Management LLC purchased a new stake in First Trust Lunt U.S. Factor Rotation ETF in the 1st quarter valued at about $27,000.

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.