First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Short Interest Down 32.8% in July

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 67,269 shares, a drop of 32.8% from the June 30th total of 100,067 shares. Based on an average daily volume of 78,694 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Active Factor Large Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the company. World Equity Group Inc. increased its stake in First Trust Active Factor Large Cap ETF by 4.9% in the 2nd quarter. World Equity Group Inc. now owns 14,114 shares of the company’s stock valued at $613,000 after purchasing an additional 663 shares in the last quarter. First Heartland Consultants Inc. purchased a new stake in First Trust Active Factor Large Cap ETF during the second quarter worth $267,000. Western Wealth Management LLC purchased a new stake in First Trust Active Factor Large Cap ETF during the first quarter worth $205,000. Arkadios Wealth Advisors grew its holdings in First Trust Active Factor Large Cap ETF by 6.4% in the first quarter. Arkadios Wealth Advisors now owns 33,618 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,010 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in First Trust Active Factor Large Cap ETF by 192.5% in the first quarter. Royal Bank of Canada now owns 699 shares of the company’s stock valued at $27,000 after purchasing an additional 460 shares during the last quarter.

First Trust Active Factor Large Cap ETF Trading Up 1.0%

Shares of First Trust Active Factor Large Cap ETF stock opened at $43.77 on Friday. The company has a 50-day moving average of $43.45 and a two-hundred day moving average of $41.56. First Trust Active Factor Large Cap ETF has a 12-month low of $36.23 and a 12-month high of $44.24. The stock has a market cap of $706.89 million, a PE ratio of 20.95 and a beta of 0.95.

About First Trust Active Factor Large Cap ETF

The First Trust Active Factor Large Cap ETF (AFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of factor-focused US large-cap companies seeking capital appreciation. AFLG was launched on Dec 3, 2019 and is managed by First Trust.