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

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,359 shares, a drop of 82.3% from the August 31st total of 30,286 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 18,626 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust Active Factor Mid Cap ETF

Institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in First Trust Active Factor Mid Cap ETF by 18.5% during the second quarter. Envestnet Asset Management Inc. now owns 24,760 shares of the company’s stock worth $1,015,000 after buying an additional 3,869 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of First Trust Active Factor Mid Cap ETF in the second quarter valued at approximately $808,000. PCG Wealth Advisors LLC bought a new position in shares of First Trust Active Factor Mid Cap ETF in the second quarter valued at approximately $210,000. World Equity Group Inc. raised its stake in shares of First Trust Active Factor Mid Cap ETF by 7.2% in the second quarter. World Equity Group Inc. now owns 8,741 shares of the company’s stock valued at $358,000 after acquiring an additional 586 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of First Trust Active Factor Mid Cap ETF by 4.8% in the 1st quarter. Arkadios Wealth Advisors now owns 12,373 shares of the company’s stock worth $439,000 after acquiring an additional 563 shares in the last quarter.

First Trust Active Factor Mid Cap ETF Stock Performance

Shares of NYSEARCA:AFMC traded up $0.21 on Friday, hitting $40.10. The stock had a trading volume of 105,094 shares, compared to its average volume of 28,918. First Trust Active Factor Mid Cap ETF has a twelve month low of $32.43 and a twelve month high of $42.13. The firm’s 50 day moving average price is $40.89 and its 200-day moving average price is $39.36. The company has a market capitalization of $216.54 million, a price-to-earnings ratio of 13.94 and a beta of 1.01.

About First Trust Active Factor Mid Cap ETF

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.