First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Short Interest Update

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 19,714 shares, a decline of 57.5% from the July 30th total of 46,411 shares. Based on an average daily volume of 79,028 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

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

A number of large investors have recently added to or reduced their stakes in AFLG. International Assets Investment Management LLC boosted its holdings in shares of First Trust Active Factor Large Cap ETF by 226.6% in the 1st quarter. International Assets Investment Management LLC now owns 650 shares of the company’s stock worth $25,000 after purchasing an additional 451 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of First Trust Active Factor Large Cap ETF by 192.5% during the 1st quarter. Royal Bank of Canada now owns 699 shares of the company’s stock valued at $27,000 after buying an additional 460 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of First Trust Active Factor Large Cap ETF during the 3rd quarter valued at about $29,000. Cullen Frost Bankers Inc. lifted its position in First Trust Active Factor Large Cap ETF by 60.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 934 shares of the company’s stock worth $37,000 after buying an additional 351 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in First Trust Active Factor Large Cap ETF by 205.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 989 shares of the company’s stock worth $39,000 after buying an additional 665 shares during the last quarter.

First Trust Active Factor Large Cap ETF Trading Down 0.5%

Shares of NYSEARCA:AFLG traded down $0.24 during trading on Friday, reaching $44.83. The company had a trading volume of 71,389 shares, compared to its average volume of 79,633. The company has a fifty day moving average of $44.02 and a two-hundred day moving average of $42.25. The stock has a market capitalization of $728.49 million, a P/E ratio of 20.95 and a beta of 0.95. First Trust Active Factor Large Cap ETF has a 12 month low of $37.17 and a 12 month high of $45.42.

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.