First Trust Active Factor International ETF (NASDAQ:AFDM) Stock Short Interest Rises 263.2%

First Trust Active Factor International ETF (NASDAQ:AFDM) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,005 shares, an increase of 263.2% from the September 30th total of 552 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 9,837 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Active Factor International ETF Stock Down 0.0%

Shares of AFDM traded down $0.04 during mid-day trading on Wednesday, reaching $89.04. The company had a trading volume of 3,250 shares, compared to its average volume of 5,083. First Trust Active Factor International ETF has a 52-week low of $75.45 and a 52-week high of $93.73. The stock has a market capitalization of $148.70 million, a P/E ratio of 12.09 and a beta of 0.80. The stock has a 50 day moving average of $91.32 and a two-hundred day moving average of $87.59.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AFDM. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Active Factor International ETF by 10.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 171,614 shares of the company’s stock valued at $14,944,000 after purchasing an additional 15,988 shares during the period. Cetera Investment Advisers grew its position in First Trust Active Factor International ETF by 21.5% during the first quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock valued at $13,840,000 after buying an additional 29,804 shares during the period. Royal Bank of Canada grew its position in First Trust Active Factor International ETF by 7.1% during the first quarter. Royal Bank of Canada now owns 44,973 shares of the company’s stock valued at $3,693,000 after buying an additional 2,979 shares during the period. GAMMA Investing LLC grew its position in First Trust Active Factor International ETF by 136.2% during the third quarter. GAMMA Investing LLC now owns 8,197 shares of the company’s stock valued at $729,000 after buying an additional 4,726 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in First Trust Active Factor International ETF during the second quarter valued at $308,000.

First Trust Active Factor International ETF Company Profile

First Trust Active Factor International ETF (NASDAQ: AFDM) is an exchange-traded fund managed by First Trust Advisors L.P. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies located in international markets outside the United States.

AFDM uses an active, factor-based investment approach to select and manage its portfolio. Its strategy is designed to identify international companies exhibiting characteristics that may support attractive long-term returns, while allowing the portfolio management team flexibility to adjust holdings as market conditions and company fundamentals change.

The fund provides investors with diversified exposure to developed markets outside the United States and may invest across multiple industries and countries.