First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Sees Significant Increase in Short Interest

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 10,512 shares, a growth of 178.1% from the September 30th total of 3,780 shares. Based on an average trading volume of 98,203 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of First Trust Active Factor Large Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrity Alliance LLC. acquired a new position in First Trust Active Factor Large Cap ETF in the 3rd quarter worth approximately $501,000. Spectrum Wealth Advisory Group LLC boosted its position in shares of First Trust Active Factor Large Cap ETF by 1,733.4% in the 3rd quarter. Spectrum Wealth Advisory Group LLC now owns 274,840 shares of the company’s stock valued at $12,134,000 after purchasing an additional 259,849 shares during the period. Tucker Asset Management LLC raised its holdings in shares of First Trust Active Factor Large Cap ETF by 6.6% in the third quarter. Tucker Asset Management LLC now owns 8,510 shares of the company’s stock valued at $376,000 after buying an additional 527 shares during the last quarter. Signature Equity Partners LLC increased its stake in shares of First Trust Active Factor Large Cap ETF by 1,368.0% during the third quarter. Signature Equity Partners LLC now owns 17,690 shares of the company’s stock worth $781,000 after acquiring an additional 16,485 shares during the period. Finally, MGO One Seven LLC grew its holdings in First Trust Active Factor Large Cap ETF by 35.4% in the third quarter. MGO One Seven LLC now owns 154,662 shares of the company’s stock valued at $6,828,000 after purchasing an additional 40,474 shares during the last quarter.

First Trust Active Factor Large Cap ETF Trading Down 1.9%

Shares of AFLG stock traded down $0.87 during mid-day trading on Friday, reaching $44.05. The stock had a trading volume of 128,008 shares, compared to its average volume of 93,936. First Trust Active Factor Large Cap ETF has a 52-week low of $37.40 and a 52-week high of $45.42. The stock’s 50-day moving average price is $44.78 and its two-hundred day moving average price is $42.60. The firm has a market capitalization of $788.51 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.