First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Short Interest Down 49.3% in March

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 6,906 shares, a decline of 49.3% from the February 26th total of 13,612 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 18,085 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Active Factor Small Cap ETF

A number of institutional investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors purchased a new position in First Trust Active Factor Small Cap ETF during the fourth quarter valued at $206,000. Wedbush Securities Inc. bought a new position in shares of First Trust Active Factor Small Cap ETF in the fourth quarter worth about $230,000. FSB Premier Wealth Management Inc. bought a new position in shares of First Trust Active Factor Small Cap ETF in the third quarter worth about $267,000. Kestra Private Wealth Services LLC lifted its position in shares of First Trust Active Factor Small Cap ETF by 14.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 9,136 shares of the company’s stock valued at $299,000 after buying an additional 1,184 shares in the last quarter. Finally, Smith Moore & CO. grew its stake in shares of First Trust Active Factor Small Cap ETF by 7.7% during the 3rd quarter. Smith Moore & CO. now owns 9,417 shares of the company’s stock valued at $308,000 after acquiring an additional 672 shares during the period.

First Trust Active Factor Small Cap ETF Trading Down 1.7%

AFSM stock traded down $0.58 during midday trading on Thursday, reaching $32.94. 12,453 shares of the company’s stock traded hands, compared to its average volume of 20,293. First Trust Active Factor Small Cap ETF has a 52-week low of $24.42 and a 52-week high of $35.32. The stock has a market cap of $74.12 million, a P/E ratio of 13.11 and a beta of 1.04. The stock’s 50-day moving average is $34.17 and its 200 day moving average is $33.24.

About First Trust Active Factor Small Cap ETF

The First Trust Active Factor Small Cap ETF (AFSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed portfolio of US small-cap companies that exhibit exposure to one or more investing factors. AFSM was launched on Dec 3, 2019 and is managed by First Trust.