First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Update

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 32,424 shares, an increase of 120.2% from the July 15th total of 14,724 shares. Based on an average daily trading volume, of 37,421 shares, the short-interest ratio is currently 0.9 days. Approximately 0.7% of the company’s shares are short sold.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in First Trust Active Factor Mid Cap ETF in the third quarter valued at $30,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Active Factor Mid Cap ETF during the 4th quarter worth $49,000. Royal Bank of Canada acquired a new stake in shares of First Trust Active Factor Mid Cap ETF during the 4th quarter worth about $52,000. Geneos Wealth Management Inc. increased its position in shares of First Trust Active Factor Mid Cap ETF by 21.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,650 shares of the company’s stock worth $149,000 after purchasing an additional 813 shares during the last quarter. Finally, CacheTech Inc. purchased a new stake in First Trust Active Factor Mid Cap ETF in the 4th quarter valued at about $269,000.

First Trust Active Factor Mid Cap ETF Stock Performance

Shares of NYSEARCA AFMC traded up $0.14 during midday trading on Friday, reaching $42.01. 12,684 shares of the stock were exchanged, compared to its average volume of 28,989. The stock has a market capitalization of $197.45 million, a P/E ratio of 13.94 and a beta of 1.01. The company has a 50 day simple moving average of $40.65 and a 200 day simple moving average of $38.57. First Trust Active Factor Mid Cap ETF has a twelve month low of $32.43 and a twelve month high of $42.12.

First Trust Active Factor Mid Cap ETF Company Profile

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