First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Up 1,304.0% in May

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 31,548 shares, a growth of 1,304.0% from the April 30th total of 2,247 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 25,639 shares, the days-to-cover ratio is presently 1.2 days.

First Trust Active Factor Mid Cap ETF Stock Down 0.4%

Shares of First Trust Active Factor Mid Cap ETF stock traded down $0.16 on Friday, reaching $39.59. The company’s stock had a trading volume of 15,182 shares, compared to its average volume of 28,024. The company has a market capitalization of $156.38 million, a P/E ratio of 13.94 and a beta of 1.02. First Trust Active Factor Mid Cap ETF has a 52-week low of $30.90 and a 52-week high of $40.20. The stock has a 50-day moving average price of $37.70 and a 200-day moving average price of $36.34.

Institutional Trading of First Trust Active Factor Mid Cap ETF

A number of institutional investors have recently made changes to their positions in AFMC. Geneos Wealth Management Inc. boosted its stake in shares of First Trust Active Factor Mid Cap ETF by 21.2% in the second quarter. Geneos Wealth Management Inc. now owns 4,650 shares of the company’s stock worth $149,000 after acquiring an additional 813 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of First Trust Active Factor Mid Cap ETF by 11.4% in the second quarter. Osaic Holdings Inc. now owns 21,284 shares of the company’s stock worth $684,000 after acquiring an additional 2,170 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of First Trust Active Factor Mid Cap ETF by 12.2% in the third quarter. Arkadios Wealth Advisors now owns 11,349 shares of the company’s stock worth $389,000 after acquiring an additional 1,235 shares during the last quarter. Sovran Advisors LLC boosted its stake in shares of First Trust Active Factor Mid Cap ETF by 27.5% in the third quarter. Sovran Advisors LLC now owns 55,193 shares of the company’s stock worth $1,850,000 after acquiring an additional 11,904 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new stake in shares of First Trust Active Factor Mid Cap ETF in the third quarter worth approximately $361,000.

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.