Short Interest in First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Drops By 54.0%

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLGGet Free Report) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 49,283 shares, a decrease of 54.0% from the April 15th total of 107,231 shares. Based on an average daily volume of 51,057 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Active Factor Large Cap ETF

Several large investors have recently modified their holdings of AFLG. Arax Advisory Partners bought a new stake in shares of First Trust Active Factor Large Cap ETF in the 4th quarter valued at approximately $20,422,000. Stenger Family Office LLC bought a new stake in shares of First Trust Active Factor Large Cap ETF in the 1st quarter valued at approximately $16,238,000. LPL Financial LLC grew its stake in shares of First Trust Active Factor Large Cap ETF by 14.6% in the 4th quarter. LPL Financial LLC now owns 2,371,161 shares of the company’s stock valued at $92,712,000 after purchasing an additional 302,006 shares during the period. Menora Mivtachim Holdings LTD. bought a new stake in shares of First Trust Active Factor Large Cap ETF in the 3rd quarter valued at approximately $9,960,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Trust Active Factor Large Cap ETF by 113,148.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 218,570 shares of the company’s stock worth $8,546,000 after acquiring an additional 218,377 shares in the last quarter.

First Trust Active Factor Large Cap ETF Stock Performance

Shares of AFLG stock traded down $0.48 during trading hours on Friday, hitting $43.03. The company had a trading volume of 38,322 shares, compared to its average volume of 91,313. First Trust Active Factor Large Cap ETF has a 12 month low of $34.32 and a 12 month high of $43.58. The firm has a market capitalization of $619.63 million, a price-to-earnings ratio of 20.95 and a beta of 0.96. The firm’s fifty day moving average is $40.51 and its 200 day moving average is $39.94.

About First Trust Active Factor Large Cap ETF

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The First Trust Active Factor Large Cap ETF (AFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of factor-focused US large-cap companies seeking capital appreciation. AFLG was launched on Dec 3, 2019 and is managed by First Trust.

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