First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Sees Significant Growth in Short Interest

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 3,269 shares, an increase of 197.7% from the October 15th total of 1,098 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 15,387 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of First Trust Active Factor Small Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of AFSM. Smith Moore & CO. acquired a new position in First Trust Active Factor Small Cap ETF during the 3rd quarter worth $558,000. Harbour Investments Inc. acquired a new stake in First Trust Active Factor Small Cap ETF in the third quarter worth about $38,000. IFG Advisory LLC increased its position in First Trust Active Factor Small Cap ETF by 3.0% in the third quarter. IFG Advisory LLC now owns 59,668 shares of the company’s stock worth $2,338,000 after purchasing an additional 1,735 shares during the period. Moors & Cabot Inc. bought a new stake in First Trust Active Factor Small Cap ETF during the 3rd quarter worth about $784,000. Finally, Kestra Advisory Services LLC raised its holdings in First Trust Active Factor Small Cap ETF by 2.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 76,869 shares of the company’s stock worth $3,012,000 after purchasing an additional 1,836 shares during the last quarter.

First Trust Active Factor Small Cap ETF Price Performance

Shares of NYSEARCA:AFSM traded down $0.06 during midday trading on Friday, reaching $39.08. The company’s stock had a trading volume of 23,963 shares, compared to its average volume of 19,582. The business’s fifty day simple moving average is $39.61 and its 200-day simple moving average is $37.84. First Trust Active Factor Small Cap ETF has a fifty-two week low of $30.74 and a fifty-two week high of $41.63. The company has a market capitalization of $132.87 million, a P/E ratio of 11.88 and a beta of 1.04.

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.