First Trust Active Factor Emerging Markets ETF (NASDAQ:AFEM) Stock Short Interest Falls 60.5%

First Trust Active Factor Emerging Markets ETF (NASDAQ:AFEM) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 779 shares, a drop of 60.5% from the September 30th total of 1,970 shares. Based on an average trading volume of 4,732 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Ferguson Shapiro LLC grew its holdings in shares of First Trust Active Factor Emerging Markets ETF by 126.6% during the first quarter. Ferguson Shapiro LLC now owns 217,818 shares of the company’s stock worth $17,895,000 after purchasing an additional 121,708 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of First Trust Active Factor Emerging Markets ETF by 56.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,648 shares of the company’s stock valued at $945,000 after purchasing an additional 3,495 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of First Trust Active Factor Emerging Markets ETF by 67.2% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $310,000 after purchasing an additional 1,270 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Active Factor Emerging Markets ETF by 6.1% in the 1st quarter. Cetera Investment Advisers now owns 28,554 shares of the company’s stock valued at $2,346,000 after purchasing an additional 1,645 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of First Trust Active Factor Emerging Markets ETF by 27.3% in the 1st quarter. International Assets Investment Management LLC now owns 853 shares of the company’s stock valued at $70,000 after purchasing an additional 183 shares during the period.

First Trust Active Factor Emerging Markets ETF Stock Down 2.1%

AFEM traded down $1.92 on Friday, reaching $91.15. The company’s stock had a trading volume of 4,914 shares, compared to its average volume of 4,436. The company has a market capitalization of $77.48 million, a price-to-earnings ratio of 12.49 and a beta of 0.79. First Trust Active Factor Emerging Markets ETF has a fifty-two week low of $75.86 and a fifty-two week high of $100.83. The stock has a 50 day moving average of $97.67 and a two-hundred day moving average of $91.91.

First Trust Active Factor Emerging Markets ETF Company Profile

First Trust Active Factor Emerging Markets ETF (NASDAQ: AFEM) is an exchange-traded fund managed by First Trust Advisors L.P. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies located in emerging-market countries.

AFEM uses an actively managed, factor-based investment approach to evaluate potential investments across emerging markets. Its portfolio may emphasize companies displaying characteristics such as attractive valuation, strong momentum, favorable quality measures or other factors identified through the fund’s investment process.