First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Short Interest Update

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 100,067 shares, a growth of 340.3% from the June 15th total of 22,726 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 62,952 shares, the days-to-cover ratio is presently 1.6 days.

First Trust Active Factor Large Cap ETF Stock Performance

Shares of NYSEARCA AFLG traded up $0.22 during midday trading on Friday, reaching $43.81. The stock had a trading volume of 39,425 shares, compared to its average volume of 83,086. The firm has a market cap of $685.63 million, a price-to-earnings ratio of 20.95 and a beta of 0.95. First Trust Active Factor Large Cap ETF has a twelve month low of $35.95 and a twelve month high of $44.24. The company’s 50 day moving average price is $43.27 and its 200 day moving average price is $41.15.

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

Several hedge funds and other institutional investors have recently bought and sold shares of AFLG. Assetmark Inc. lifted its stake in shares of First Trust Active Factor Large Cap ETF by 4.3% in the 4th quarter. Assetmark Inc. now owns 307,494 shares of the company’s stock valued at $12,023,000 after purchasing an additional 12,768 shares during the period. Ignite Planners LLC acquired a new stake in First Trust Active Factor Large Cap ETF during the fourth quarter worth approximately $553,000. IFP Advisors Inc increased its holdings in First Trust Active Factor Large Cap ETF by 20.1% in the third quarter. IFP Advisors Inc now owns 79,271 shares of the company’s stock worth $3,077,000 after purchasing an additional 13,279 shares in the last quarter. MGO One Seven LLC bought a new stake in First Trust Active Factor Large Cap ETF in the fourth quarter worth approximately $3,419,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Active Factor Large Cap ETF by 113,148.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 218,570 shares of the company’s stock valued at $8,546,000 after buying an additional 218,377 shares during the period.

First Trust Active Factor Large Cap ETF Company Profile

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.