Short Interest in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Decreases By 87.1%

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,831 shares, a decrease of 87.1% from the February 26th total of 14,206 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 26,374 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 26,374 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its holdings in First Trust Active Factor Mid Cap ETF by 1,734.0% in the third quarter. Geneos Wealth Management Inc. now owns 85,282 shares of the company’s stock valued at $2,926,000 after purchasing an additional 80,632 shares during the period. LPL Financial LLC lifted its position in shares of First Trust Active Factor Mid Cap ETF by 9.8% during the 4th quarter. LPL Financial LLC now owns 688,857 shares of the company’s stock valued at $23,746,000 after buying an additional 61,355 shares in the last quarter. Crux Wealth Advisors purchased a new position in shares of First Trust Active Factor Mid Cap ETF during the 4th quarter valued at approximately $1,443,000. Farther Finance Advisors LLC grew its stake in First Trust Active Factor Mid Cap ETF by 221.4% in the 4th quarter. Farther Finance Advisors LLC now owns 46,742 shares of the company’s stock valued at $1,611,000 after acquiring an additional 32,197 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in First Trust Active Factor Mid Cap ETF in the 3rd quarter valued at $1,078,000.

First Trust Active Factor Mid Cap ETF Stock Performance

NYSEARCA AFMC traded up $0.42 on Tuesday, reaching $35.80. 39,868 shares of the company’s stock traded hands, compared to its average volume of 31,682. The firm has a market cap of $110.98 million, a price-to-earnings ratio of 13.94 and a beta of 1.05. The stock has a 50 day moving average price of $36.55 and a 200-day moving average price of $35.07. First Trust Active Factor Mid Cap ETF has a fifty-two week low of $26.73 and a fifty-two week high of $37.94.

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.