MFS Active Value ETF (NYSE:MFSV) Sees Large Growth in Short Interest

MFS Active Value ETF (NYSE:MFSV) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 23,788 shares, a growth of 61.4% from the September 15th total of 14,738 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 68,635 shares, the days-to-cover ratio is currently 0.3 days.

MFS Active Value ETF Price Performance

Shares of NYSE:MFSV traded up $0.08 during mid-day trading on Friday, reaching $29.27. 66,157 shares of the company were exchanged, compared to its average volume of 138,946. MFS Active Value ETF has a 1 year low of $25.32 and a 1 year high of $30.15. The firm’s 50-day simple moving average is $29.15 and its 200 day simple moving average is $28.53. The firm has a market cap of $626.36 million, a price-to-earnings ratio of 19.36 and a beta of 0.36.

Institutional Investors Weigh In On MFS Active Value ETF

Institutional investors have recently added to or reduced their stakes in the business. KWB Wealth purchased a new position in shares of MFS Active Value ETF during the third quarter worth about $25,851,000. Integrated Wealth Concepts LLC purchased a new position in MFS Active Value ETF during the 2nd quarter worth $72,000. SFG Wealth Management LLC. grew its position in MFS Active Value ETF by 17.8% during the 2nd quarter. SFG Wealth Management LLC. now owns 1,099,524 shares of the company’s stock worth $31,413,000 after purchasing an additional 165,926 shares during the last quarter. Legacy Financial Advisors Inc. acquired a new position in MFS Active Value ETF in the second quarter valued at $895,000. Finally, Paul R. Ried Financial Group LLC increased its stake in MFS Active Value ETF by 18.8% in the second quarter. Paul R. Ried Financial Group LLC now owns 1,138,859 shares of the company’s stock valued at $32,537,000 after purchasing an additional 180,040 shares during the period.

About MFS Active Value ETF

The MFS Active Value ETF (MFSV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of US and non-US value stocks of any market capitalization. The fund utilizes a bottom-up fundamental approach to select investments. MFSV was launched on Dec 5, 2024 and is issued by MFS.