LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) Trading 0% Higher – Here’s What Happened

LeaderShares Activist Leaders ETF (NYSEARCA:ACTV)’s share price shot up 0% on Wednesday . The stock traded as high as $33.15 and last traded at $33.1450. 852 shares changed hands during trading, a decline of 93% from the average session volume of 13,008 shares. The stock had previously closed at $33.14.

LeaderShares Activist Leaders ETF Stock Performance

The firm has a market cap of $8.29 million, a price-to-earnings ratio of -51.79 and a beta of 0.96. The business’s 50-day moving average is $33.14 and its 200-day moving average is $33.04.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LeaderShares Activist Leaders ETF stock. Flow Traders U.S. LLC bought a new stake in LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,516 shares of the company’s stock, valued at approximately $423,000. Flow Traders U.S. LLC owned about 5.01% of LeaderShares Activist Leaders ETF as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 26.06% of the company’s stock.

About LeaderShares Activist Leaders ETF

The LeaderShares Activist Leaders ETF (ACTV) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US equity securities that are the target of shareholder activism. ACTV was launched on Oct 27, 2020 and is managed by LeaderShares.