First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Short Interest Up 13.7% in April

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 7,574 shares, a growth of 13.7% from the March 31st total of 6,659 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 14,121 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Active Factor Small Cap ETF Trading Up 0.5%

Shares of First Trust Active Factor Small Cap ETF stock traded up $0.20 on Friday, reaching $37.10. The stock had a trading volume of 6,746 shares, compared to its average volume of 19,114. First Trust Active Factor Small Cap ETF has a 1 year low of $27.91 and a 1 year high of $37.45. The business’s 50 day moving average is $34.25 and its two-hundred day moving average is $33.63. The company has a market cap of $92.75 million, a P/E ratio of 13.11 and a beta of 1.05.

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

Several institutional investors and hedge funds have recently modified their holdings of AFSM. Arkadios Wealth Advisors purchased a new position in First Trust Active Factor Small Cap ETF in the 4th quarter worth about $206,000. RFG Advisory LLC purchased a new position in First Trust Active Factor Small Cap ETF in the 1st quarter worth about $226,000. Wedbush Securities Inc. purchased a new position in First Trust Active Factor Small Cap ETF in the 4th quarter worth about $230,000. FSB Premier Wealth Management Inc. purchased a new position in First Trust Active Factor Small Cap ETF in the 3rd quarter worth about $267,000. Finally, Kestra Private Wealth Services LLC raised its position in First Trust Active Factor Small Cap ETF by 14.9% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 9,136 shares of the company’s stock worth $299,000 after buying an additional 1,184 shares during the last quarter.

About First Trust Active Factor Small Cap ETF

The First Trust Active Factor Small Cap ETF (AFSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed portfolio of US small-cap companies that exhibit exposure to one or more investing factors. AFSM was launched on Dec 3, 2019 and is managed by First Trust.