LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) Trading 0% Higher – Should You Buy?

LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) shares traded up 0% during mid-day trading on Wednesday . The company traded as high as $33.15 and last traded at $33.1450. 852 shares changed hands during trading, a decline of 83% from the average daily volume of 5,028 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 P/E ratio of -51.79 and a beta of 0.96. The firm has a 50 day simple moving average of $33.14 and a 200 day simple moving average of $33.15.

Hedge Funds Weigh In On LeaderShares Activist Leaders ETF

A hedge fund recently bought a new stake in LeaderShares Activist Leaders ETF stock. Flow Traders U.S. LLC acquired a new stake in LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,516 shares of the company’s stock, valued at approximately $423,000. Flow Traders U.S. LLC owned 5.01% of LeaderShares Activist Leaders ETF at the end of the most recent quarter. 26.06% of the stock is currently owned by hedge funds and other institutional investors.

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.