Short Interest in First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Increases By 340.3%

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

First Trust Active Factor Large Cap ETF Trading Down 0.5%

Shares of AFLG traded down $0.20 during mid-day trading on Monday, reaching $43.61. The company had a trading volume of 32,980 shares, compared to its average volume of 82,697. First Trust Active Factor Large Cap ETF has a fifty-two week low of $35.95 and a fifty-two week high of $44.24. The firm has a fifty day simple moving average of $43.27 and a 200-day simple moving average of $41.16. The stock has a market cap of $682.50 million, a price-to-earnings ratio of 20.95 and a beta of 0.95.

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

A number of large investors have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in shares of First Trust Active Factor Large Cap ETF by 226.6% in the first quarter. International Assets Investment Management LLC now owns 650 shares of the company’s stock valued at $25,000 after purchasing an additional 451 shares during the period. Royal Bank of Canada increased its stake in First Trust Active Factor Large Cap ETF by 192.5% during the 1st quarter. Royal Bank of Canada now owns 699 shares of the company’s stock worth $27,000 after buying an additional 460 shares during the period. Advisory Services Network LLC acquired a new position in First Trust Active Factor Large Cap ETF in the 3rd quarter worth $29,000. Cullen Frost Bankers Inc. lifted its holdings in First Trust Active Factor Large Cap ETF by 60.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 934 shares of the company’s stock worth $37,000 after buying an additional 351 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in First Trust Active Factor Large Cap ETF by 205.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 989 shares of the company’s stock worth $39,000 after buying an additional 665 shares in the last quarter.

About First Trust Active Factor Large Cap ETF

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.