First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Sees Large Drop in Short Interest

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG – Get Free Report) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 7,740 shares, a decline of 74.0% from the August 31st total of 29,757 shares. Based on an average daily volume of 63,593 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Active Factor Large Cap ETF Stock Performance

Shares of AFLG stock opened at $44.50 on Friday. First Trust Active Factor Large Cap ETF has a fifty-two week low of $37.40 and a fifty-two week high of $45.42. The firm has a market capitalization of $772.08 million, a price-to-earnings ratio of 20.95 and a beta of 0.95. The stock’s 50-day simple moving average is $44.55 and its 200-day simple moving average is $42.84.

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

Several institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of First Trust Active Factor Large Cap ETF by 6.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 21,736 shares of the company’s stock valued at $944,000 after acquiring an additional 1,303 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of First Trust Active Factor Large Cap ETF by 19.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,350,946 shares of the company’s stock valued at $58,658,000 after buying an additional 222,927 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of First Trust Active Factor Large Cap ETF by 26.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 210,923 shares of the company’s stock valued at $9,158,000 after purchasing an additional 43,508 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of First Trust Active Factor Large Cap ETF by 16.3% during the 2nd quarter. NewEdge Advisors LLC now owns 72,272 shares of the company’s stock worth $3,138,000 after acquiring an additional 10,128 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in First Trust Active Factor Large Cap ETF by 14.9% during the second quarter. IFP Advisors Inc now owns 121,179 shares of the company’s stock worth $5,262,000 after purchasing an additional 15,717 shares in the last quarter.

About First Trust Active Factor Large Cap ETF

(Get Free Report)

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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