First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Sees Large Drop in Short Interest

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 19,714 shares, a decrease of 57.5% from the July 30th total of 46,411 shares. Based on an average daily volume of 79,028 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

First Trust Active Factor Large Cap ETF Stock Performance

Shares of AFLG stock traded down $0.24 on Friday, hitting $44.83. 71,389 shares of the company’s stock traded hands, compared to its average volume of 79,633. The stock has a market capitalization of $728.49 million, a price-to-earnings ratio of 20.95 and a beta of 0.95. The company’s fifty day simple moving average is $44.02 and its 200 day simple moving average is $42.25. First Trust Active Factor Large Cap ETF has a one year low of $37.17 and a one year high of $45.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Arax Advisory Partners purchased a new position in shares of First Trust Active Factor Large Cap ETF in the fourth quarter worth about $20,422,000. Stenger Family Office LLC purchased a new stake in First Trust Active Factor Large Cap ETF during the 1st quarter valued at about $16,238,000. LPL Financial LLC boosted its holdings in First Trust Active Factor Large Cap ETF by 14.6% during the 4th quarter. LPL Financial LLC now owns 2,371,161 shares of the company’s stock valued at $92,712,000 after acquiring an additional 302,006 shares during the period. Kirkwood Financial Services bought a new position in First Trust Active Factor Large Cap ETF during the 2nd quarter worth approximately $12,982,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in First Trust Active Factor Large Cap ETF by 113,148.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 218,570 shares of the company’s stock worth $8,546,000 after acquiring an additional 218,377 shares during the last quarter.

First Trust Active Factor Large Cap ETF Company Profile

The First Trust Active Factor Large Cap ETF (AFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of factor-focused US large-cap companies seeking capital appreciation. AFLG was launched on Dec 3, 2019 and is managed by First Trust.