Short Interest in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Increases By 70.7%

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 9,202 shares, an increase of 70.7% from the November 30th total of 5,390 shares. Based on an average daily volume of 9,220 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 9,220 shares, the days-to-cover ratio is presently 1.0 days.

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

A number of hedge funds have recently made changes to their positions in AFMC. Cetera Investment Advisers boosted its holdings in First Trust Active Factor Mid Cap ETF by 18.1% in the second quarter. Cetera Investment Advisers now owns 177,790 shares of the company’s stock valued at $5,712,000 after purchasing an additional 27,195 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of First Trust Active Factor Mid Cap ETF in the first quarter worth $117,000. Prosperity Financial Group Inc. raised its holdings in First Trust Active Factor Mid Cap ETF by 6.8% in the second quarter. Prosperity Financial Group Inc. now owns 27,000 shares of the company’s stock valued at $867,000 after acquiring an additional 1,722 shares in the last quarter. Prospera Financial Services Inc bought a new position in First Trust Active Factor Mid Cap ETF during the 2nd quarter valued at $308,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in First Trust Active Factor Mid Cap ETF during the 2nd quarter valued at $454,000.

First Trust Active Factor Mid Cap ETF Stock Down 0.5%

Shares of NYSEARCA:AFMC traded down $0.17 during midday trading on Monday, reaching $35.04. The company’s stock had a trading volume of 5,213 shares, compared to its average volume of 21,806. The firm has a market cap of $94.61 million, a price-to-earnings ratio of 13.94 and a beta of 1.05. The business has a 50 day moving average price of $34.14 and a 200 day moving average price of $33.43. First Trust Active Factor Mid Cap ETF has a 1 year low of $26.73 and a 1 year high of $35.53.

First Trust Active Factor Mid Cap ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a dividend of $0.1568 per share. This represents a $0.63 annualized dividend and a yield of 1.8%. This is a positive change from First Trust Active Factor Mid Cap ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, December 12th.

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.