First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Update

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 10,914 shares, a decrease of 81.0% from the January 29th total of 57,519 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 47,316 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 47,316 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the company’s stock are short sold.

First Trust Active Factor Mid Cap ETF Trading Up 0.2%

AFMC stock traded up $0.09 during trading on Thursday, hitting $37.61. 4,961 shares of the company’s stock were exchanged, compared to its average volume of 34,968. The stock has a market capitalization of $116.59 million, a price-to-earnings ratio of 13.94 and a beta of 1.05. First Trust Active Factor Mid Cap ETF has a 52-week low of $26.73 and a 52-week high of $37.94. The business has a 50-day moving average price of $36.22 and a two-hundred day moving average price of $34.69.

First Trust Active Factor Mid Cap ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.1568 dividend. This is a boost from First Trust Active Factor Mid Cap ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.7%.

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

Several large investors have recently modified their holdings of AFMC. Advisory Services Network LLC purchased a new position in shares of First Trust Active Factor Mid Cap ETF during the 3rd quarter worth approximately $30,000. Founders Financial Alliance LLC acquired a new position in shares of First Trust Active Factor Mid Cap ETF during the 3rd quarter worth $41,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust Active Factor Mid Cap ETF in the fourth quarter valued at about $49,000. Royal Bank of Canada purchased a new stake in First Trust Active Factor Mid Cap ETF during the fourth quarter worth about $52,000. Finally, Geneos Wealth Management Inc. grew its position in First Trust Active Factor Mid Cap ETF by 21.2% during the second quarter. Geneos Wealth Management Inc. now owns 4,650 shares of the company’s stock worth $149,000 after buying an additional 813 shares during the period.

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.