First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Short Interest Update

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 29,990 shares, a growth of 183.9% from the January 15th total of 10,565 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 21,289 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 21,289 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.3% of the company’s stock are sold short.

First Trust Active Factor Small Cap ETF Price Performance

Shares of AFSM stock traded up $0.44 on Friday, hitting $34.71. The stock had a trading volume of 19,818 shares, compared to its average volume of 20,904. The business has a 50 day moving average of $34.04 and a 200 day moving average of $32.75. The stock has a market cap of $78.10 million, a price-to-earnings ratio of 13.11 and a beta of 1.04. First Trust Active Factor Small Cap ETF has a 12-month low of $24.42 and a 12-month high of $35.32.

First Trust Active Factor Small Cap ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.0622 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.25 annualized dividend and a dividend yield of 0.7%. This is an increase from First Trust Active Factor Small Cap ETF’s previous quarterly dividend of $0.02.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. James J. Burns & Company LLC bought a new stake in First Trust Active Factor Small Cap ETF during the fourth quarter worth about $17,289,000. CWM LLC lifted its holdings in shares of First Trust Active Factor Small Cap ETF by 114.5% during the fourth quarter. CWM LLC now owns 336,481 shares of the company’s stock valued at $11,064,000 after purchasing an additional 179,627 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of First Trust Active Factor Small Cap ETF by 3.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 292,610 shares of the company’s stock worth $9,570,000 after purchasing an additional 8,514 shares in the last quarter. Truist Financial Corp grew its stake in shares of First Trust Active Factor Small Cap ETF by 2.8% in the 3rd quarter. Truist Financial Corp now owns 284,550 shares of the company’s stock worth $9,307,000 after buying an additional 7,868 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of First Trust Active Factor Small Cap ETF by 83.8% in the 4th quarter. LPL Financial LLC now owns 118,063 shares of the company’s stock worth $3,882,000 after buying an additional 53,837 shares during the last quarter.

First Trust Active Factor Small Cap ETF Company Profile

The First Trust Active Factor Small Cap ETF (AFSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed portfolio of US small-cap companies that exhibit exposure to one or more investing factors. AFSM was launched on Dec 3, 2019 and is managed by First Trust.