First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Up 1,304.0% in May

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 31,548 shares, a growth of 1,304.0% from the April 30th total of 2,247 shares. Based on an average trading volume of 25,639 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.8% of the shares of the company are short sold.

Institutional Trading of First Trust Active Factor Mid Cap ETF

A number of hedge funds have recently added to or reduced their stakes in AFMC. Advisory Services Network LLC acquired a new stake in First Trust Active Factor Mid Cap ETF during the 3rd quarter worth approximately $30,000. Founders Financial Alliance LLC acquired a new stake in First Trust Active Factor Mid Cap ETF during the 3rd quarter worth approximately $41,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Active Factor Mid Cap ETF during the 4th quarter worth approximately $49,000. Royal Bank of Canada purchased a new position in shares of First Trust Active Factor Mid Cap ETF during the 4th quarter worth approximately $52,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of First Trust Active Factor Mid Cap ETF by 21.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,650 shares of the company’s stock worth $149,000 after buying an additional 813 shares in the last quarter.

First Trust Active Factor Mid Cap ETF Stock Performance

First Trust Active Factor Mid Cap ETF stock traded down $0.18 during mid-day trading on Wednesday, reaching $39.85. 84,161 shares of the company were exchanged, compared to its average volume of 28,272. First Trust Active Factor Mid Cap ETF has a twelve month low of $30.90 and a twelve month high of $40.20. The firm’s 50-day simple moving average is $37.62 and its two-hundred day simple moving average is $36.30. The firm has a market cap of $157.41 million, a PE ratio of 13.94 and a beta of 1.02.

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.