First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Up 1,454.1% in January

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 57,519 shares, a growth of 1,454.1% from the January 15th total of 3,701 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 39,692 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 39,692 shares, the short-interest ratio is currently 1.4 days. Approximately 1.9% of the shares of the company are sold short.

Institutional Trading of First Trust Active Factor Mid Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in shares of 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 valued at $2,926,000 after buying an additional 80,632 shares in the last quarter. LPL Financial LLC raised its holdings in First Trust Active Factor Mid Cap ETF by 9.8% during the fourth quarter. LPL Financial LLC now owns 688,857 shares of the company’s stock valued at $23,746,000 after acquiring an additional 61,355 shares during the period. Crux Wealth Advisors bought a new stake in First Trust Active Factor Mid Cap ETF during the fourth quarter valued at about $1,443,000. RFG Advisory LLC purchased a new position in shares of First Trust Active Factor Mid Cap ETF in the second quarter valued at about $1,173,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of First Trust Active Factor Mid Cap ETF by 221.4% in the fourth quarter. Farther Finance Advisors LLC now owns 46,742 shares of the company’s stock worth $1,611,000 after acquiring an additional 32,197 shares during the period.

First Trust Active Factor Mid Cap ETF Stock Performance

Shares of NYSEARCA AFMC traded down $0.55 during trading on Thursday, hitting $36.98. The company had a trading volume of 82,066 shares, compared to its average volume of 31,082. First Trust Active Factor Mid Cap ETF has a 12 month low of $26.73 and a 12 month high of $37.88. The firm has a market capitalization of $114.64 million, a P/E ratio of 13.94 and a beta of 1.05. The stock has a 50 day simple moving average of $35.70 and a 200 day simple moving average of $34.33.

First Trust Active Factor Mid Cap ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.1568 per share. This is an increase from First Trust Active Factor Mid Cap ETF’s previous quarterly dividend of $0.02. This represents a $0.63 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, December 12th.

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.