First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Up 1,304.0% in May

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 31,548 shares, a growth of 1,304.0% from the April 30th total of 2,247 shares. Based on an average daily volume of 25,639 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.8% of the shares of the company are short sold.

First Trust Active Factor Mid Cap ETF Price Performance

AFMC stock traded down $0.18 during trading on Wednesday, hitting $39.85. 84,161 shares of the company traded hands, compared to its average volume of 28,272. The stock’s 50-day simple moving average is $37.62 and its 200 day simple moving average is $36.30. The company has a market cap of $157.41 million, a PE ratio of 13.94 and a beta of 1.02. First Trust Active Factor Mid Cap ETF has a 1 year low of $30.90 and a 1 year high of $40.20.

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

Several institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in First Trust Active Factor Mid Cap ETF by 21.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,650 shares of the company’s stock worth $149,000 after purchasing an additional 813 shares during the period. Osaic Holdings Inc. increased its holdings in First Trust Active Factor Mid Cap ETF by 11.4% during the 2nd quarter. Osaic Holdings Inc. now owns 21,284 shares of the company’s stock worth $684,000 after purchasing an additional 2,170 shares during the period. Arkadios Wealth Advisors increased its holdings in First Trust Active Factor Mid Cap ETF by 12.2% during the 3rd quarter. Arkadios Wealth Advisors now owns 11,349 shares of the company’s stock worth $389,000 after purchasing an additional 1,235 shares during the period. Sovran Advisors LLC increased its holdings in First Trust Active Factor Mid Cap ETF by 27.5% during the 3rd quarter. Sovran Advisors LLC now owns 55,193 shares of the company’s stock worth $1,850,000 after purchasing an additional 11,904 shares during the period. Finally, Mutual Advisors LLC purchased a new stake in First Trust Active Factor Mid Cap ETF during the 3rd quarter worth about $361,000.

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.