First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC – Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 1,324 shares, a decrease of 27.7% from the March 15th total of 1,831 shares. Based on an average daily trading volume, of 26,256 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.
First Trust Active Factor Mid Cap ETF Trading Up 0.3%
Shares of AFMC stock opened at $37.72 on Friday. First Trust Active Factor Mid Cap ETF has a 12 month low of $27.94 and a 12 month high of $37.95. The stock has a market cap of $147.11 million, a P/E ratio of 13.94 and a beta of 1.03. The company has a 50 day simple moving average of $36.59 and a two-hundred day simple moving average of $35.32.
Institutional Trading of First Trust Active Factor Mid Cap ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AFMC. Advisory Services Network LLC purchased a new stake in First Trust Active Factor Mid Cap ETF during the third quarter valued at approximately $30,000. Founders Financial Alliance LLC purchased a new stake in First Trust Active Factor Mid Cap ETF during the third quarter valued at approximately $41,000. International Assets Investment Management LLC purchased a new stake in shares of First Trust Active Factor Mid Cap ETF in the fourth quarter worth $49,000. Royal Bank of Canada purchased a new stake in shares of First Trust Active Factor Mid Cap ETF in the fourth quarter worth $52,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of First Trust Active Factor Mid Cap ETF by 21.2% in the second quarter. Geneos Wealth Management Inc. now owns 4,650 shares of the company’s stock worth $149,000 after purchasing an additional 813 shares in the last quarter.
About First Trust Active Factor Mid Cap ETF
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.
Further Reading
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