First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 67,269 shares, a decrease of 32.8% from the June 30th total of 100,067 shares. Based on an average trading volume of 78,694 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the shares of the company are short sold.
Hedge Funds Weigh In On First Trust Active Factor Large Cap ETF
Several institutional investors and hedge funds have recently bought and sold shares of the company. World Equity Group Inc. grew its stake in First Trust Active Factor Large Cap ETF by 4.9% during the second quarter. World Equity Group Inc. now owns 14,114 shares of the company’s stock valued at $613,000 after acquiring an additional 663 shares in the last quarter. First Heartland Consultants Inc. purchased a new stake in First Trust Active Factor Large Cap ETF in the 2nd quarter worth approximately $267,000. Western Wealth Management LLC purchased a new position in shares of First Trust Active Factor Large Cap ETF in the 1st quarter valued at approximately $205,000. Arkadios Wealth Advisors lifted its position in First Trust Active Factor Large Cap ETF by 6.4% during the 1st quarter. Arkadios Wealth Advisors now owns 33,618 shares of the company’s stock valued at $1,297,000 after acquiring an additional 2,010 shares during the period. Finally, Royal Bank of Canada raised its stake in First Trust Active Factor Large Cap ETF by 192.5% during the first quarter. Royal Bank of Canada now owns 699 shares of the company’s stock valued at $27,000 after buying an additional 460 shares during the last quarter.
First Trust Active Factor Large Cap ETF Price Performance
AFLG stock traded up $0.22 during trading on Friday, reaching $43.99. 66,980 shares of the company were exchanged, compared to its average volume of 80,983. The company has a market capitalization of $710.44 million, a price-to-earnings ratio of 20.95 and a beta of 0.95. The company has a 50-day moving average of $43.46 and a two-hundred day moving average of $41.58. First Trust Active Factor Large Cap ETF has a twelve month low of $36.23 and a twelve month high of $44.24.
First Trust Active Factor Large Cap ETF Company Profile
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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