First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Down 72.2% in January

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 3,701 shares, a decrease of 72.2% from the December 31st total of 13,295 shares. Based on an average daily trading volume, of 19,759 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,759 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Active Factor Mid Cap ETF Stock Performance

First Trust Active Factor Mid Cap ETF stock traded down $0.02 during trading hours on Wednesday, hitting $36.14. 79,162 shares of the stock were exchanged, compared to its average volume of 29,976. First Trust Active Factor Mid Cap ETF has a 12 month low of $26.73 and a 12 month high of $36.98. The business’s 50-day moving average is $35.07 and its two-hundred day moving average is $34.01. The stock has a market capitalization of $108.42 million, a P/E ratio of 13.94 and a beta of 1.05.

First Trust Active Factor Mid Cap ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AFMC. Advisory Services Network LLC bought a new stake in shares of First Trust Active Factor Mid Cap ETF in the third quarter worth about $30,000. Founders Financial Alliance LLC bought a new stake in First Trust Active Factor Mid Cap ETF during the 3rd quarter worth approximately $41,000. Geneos Wealth Management Inc. raised its holdings in First Trust Active Factor Mid Cap ETF by 21.2% during the 2nd 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. Prospera Financial Services Inc bought a new position in First Trust Active Factor Mid Cap ETF in the second quarter valued at approximately $308,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of First Trust Active Factor Mid Cap ETF in the second quarter valued at approximately $325,000.

First Trust Active Factor Mid Cap ETF Company Profile

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.