First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Down 87.1% in March

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,831 shares, a decrease of 87.1% from the February 26th total of 14,206 shares. Based on an average daily trading volume, of 26,374 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its holdings in First Trust Active Factor Mid Cap ETF by 1,734.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 85,282 shares of the company’s stock worth $2,926,000 after buying an additional 80,632 shares during the period. LPL Financial LLC raised its holdings in First Trust Active Factor Mid Cap ETF by 9.8% during the 4th quarter. LPL Financial LLC now owns 688,857 shares of the company’s stock worth $23,746,000 after purchasing an additional 61,355 shares during the last quarter. Crux Wealth Advisors acquired a new position in shares of First Trust Active Factor Mid Cap ETF in the 4th quarter worth approximately $1,443,000. Farther Finance Advisors LLC boosted its stake in shares of First Trust Active Factor Mid Cap ETF by 221.4% in the 4th quarter. Farther Finance Advisors LLC now owns 46,742 shares of the company’s stock valued at $1,611,000 after purchasing an additional 32,197 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of First Trust Active Factor Mid Cap ETF during the third quarter worth $1,078,000.

First Trust Active Factor Mid Cap ETF Trading Down 1.5%

First Trust Active Factor Mid Cap ETF stock traded down $0.54 during midday trading on Thursday, reaching $35.50. The company’s stock had a trading volume of 7,002 shares, compared to its average volume of 30,964. First Trust Active Factor Mid Cap ETF has a 52 week low of $26.73 and a 52 week high of $37.94. The business has a 50-day moving average price of $36.55 and a 200-day moving average price of $35.08. The stock has a market cap of $110.05 million, a PE ratio of 13.94 and a beta of 1.05.

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.