First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC – Get Free Report) was the target of a significant growth in short interest during the month of 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. Based on an average daily trading volume, of 25,639 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.8% of the shares of the company are sold short.
First Trust Active Factor Mid Cap ETF Price Performance
First Trust Active Factor Mid Cap ETF stock opened at $39.85 on Thursday. The firm has a fifty day moving average price of $37.62 and a two-hundred day moving average price of $36.30. The firm has a market cap of $157.41 million, a price-to-earnings ratio of 13.94 and a beta of 1.02. First Trust Active Factor Mid Cap ETF has a fifty-two week low of $30.90 and a fifty-two week high of $40.20.
Institutional Investors Weigh In On First Trust Active Factor Mid Cap ETF
Several hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its stake in shares of First Trust Active Factor Mid Cap ETF by 21.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,650 shares of the company’s stock valued at $149,000 after buying an additional 813 shares in the last quarter. Osaic Holdings Inc. raised its position in 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 purchasing an additional 2,170 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in First Trust Active Factor Mid Cap ETF by 12.2% during the third quarter. Arkadios Wealth Advisors now owns 11,349 shares of the company’s stock worth $389,000 after purchasing an additional 1,235 shares during the period. Sovran Advisors LLC boosted its holdings in First Trust Active Factor Mid Cap ETF by 27.5% during the third quarter. Sovran Advisors LLC now owns 55,193 shares of the company’s stock valued at $1,850,000 after purchasing an additional 11,904 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new position in shares of First Trust Active Factor Mid Cap ETF in the 3rd 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.
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