Short Interest in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Expands By 82.7%

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,247 shares, an increase of 82.7% from the April 15th total of 1,230 shares. Based on an average daily trading volume, of 20,888 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

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

A number of hedge funds have recently modified their holdings of the business. LPL Financial LLC raised its position in shares of First Trust Active Factor Mid Cap ETF by 9.8% during the fourth quarter. LPL Financial LLC now owns 688,857 shares of the company’s stock worth $23,746,000 after purchasing an additional 61,355 shares during the period. Cetera Investment Advisers raised its position in shares of First Trust Active Factor Mid Cap ETF by 1.0% during the first quarter. Cetera Investment Advisers now owns 201,579 shares of the company’s stock worth $7,157,000 after purchasing an additional 2,029 shares during the period. Private Advisor Group LLC raised its position in shares of First Trust Active Factor Mid Cap ETF by 3.7% during the first quarter. Private Advisor Group LLC now owns 162,344 shares of the company’s stock worth $5,764,000 after purchasing an additional 5,837 shares during the period. Kestra Advisory Services LLC raised its position in shares of First Trust Active Factor Mid Cap ETF by 6.2% during the first quarter. Kestra Advisory Services LLC now owns 115,108 shares of the company’s stock worth $4,087,000 after purchasing an additional 6,701 shares during the period. Finally, Kestra Private Wealth Services LLC raised its position in shares of First Trust Active Factor Mid Cap ETF by 1.6% during the third quarter. Kestra Private Wealth Services LLC now owns 98,619 shares of the company’s stock worth $3,384,000 after purchasing an additional 1,510 shares during the period.

First Trust Active Factor Mid Cap ETF Trading Down 0.3%

Shares of AFMC opened at $38.30 on Tuesday. First Trust Active Factor Mid Cap ETF has a 1 year low of $30.77 and a 1 year high of $39.71. The stock has a market cap of $151.29 million, a P/E ratio of 13.94 and a beta of 1.02. The stock’s 50-day moving average price is $37.13 and its two-hundred day moving average price is $36.02.

First Trust Active Factor Mid Cap ETF Company Profile

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.