First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Up 44.5% in December

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 13,295 shares, an increase of 44.5% from the December 15th total of 9,202 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 10,058 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 10,058 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.5% of the company’s shares are short sold.

First Trust Active Factor Mid Cap ETF Price Performance

Shares of First Trust Active Factor Mid Cap ETF stock traded down $0.18 during trading on Friday, reaching $36.38. 11,283 shares of the company traded hands, compared to its average volume of 18,944. The firm has a market capitalization of $103.68 million, a PE ratio of 13.94 and a beta of 1.05. First Trust Active Factor Mid Cap ETF has a 1-year low of $26.73 and a 1-year high of $36.65. The company has a 50 day moving average price of $34.67 and a 200-day moving average price of $33.81.

First Trust Active Factor Mid Cap ETF Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Prospera Financial Services Inc lifted its holdings in shares of First Trust Active Factor Mid Cap ETF by 3.2% in the third quarter. Prospera Financial Services Inc now owns 9,899 shares of the company’s stock valued at $340,000 after purchasing an additional 308 shares in the last quarter. PKS Advisory Services LLC lifted its stake in First Trust Active Factor Mid Cap ETF by 0.9% during the 3rd quarter. PKS Advisory Services LLC now owns 36,682 shares of the company’s stock valued at $1,259,000 after acquiring an additional 345 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in First Trust Active Factor Mid Cap ETF by 1.6% during the 3rd quarter. Moors & Cabot Inc. now owns 24,543 shares of the company’s stock worth $842,000 after acquiring an additional 382 shares during the last quarter. Smith Moore & CO. grew its stake in shares of First Trust Active Factor Mid Cap ETF by 2.4% in the 2nd quarter. Smith Moore & CO. now owns 17,026 shares of the company’s stock worth $547,000 after acquiring an additional 405 shares in the last quarter. Finally, OxenFree Capital LLC raised its holdings in shares of First Trust Active Factor Mid Cap ETF by 4.2% in the third quarter. OxenFree Capital LLC now owns 11,773 shares of the company’s stock valued at $403,000 after purchasing an additional 476 shares during the last quarter.

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.