First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Sees Large Growth in Short Interest

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 14,206 shares, an increase of 30.2% from the February 12th total of 10,914 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 30,954 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 30,954 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the company’s shares are short sold.

First Trust Active Factor Mid Cap ETF Stock Up 0.8%

Shares of AFMC traded up $0.27 during trading hours on Monday, reaching $35.51. The stock had a trading volume of 18,972 shares, compared to its average volume of 32,533. The company has a market cap of $110.08 million, a P/E ratio of 13.94 and a beta of 1.05. First Trust Active Factor Mid Cap ETF has a 52 week low of $26.73 and a 52 week high of $37.94. The firm has a 50-day moving average of $36.59 and a 200 day moving average of $34.99.

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

Institutional investors and hedge funds have recently modified their holdings of the business. CacheTech Inc. acquired a new position in First Trust Active Factor Mid Cap ETF in the 4th quarter worth $269,000. Osaic Holdings Inc. raised its stake in shares of First Trust Active Factor Mid Cap ETF by 2.7% in the 4th quarter. Osaic Holdings Inc. now owns 66,563 shares of the company’s stock valued at $2,294,000 after purchasing an additional 1,755 shares during the period. Private Advisor Group LLC raised its stake in shares of First Trust Active Factor Mid Cap ETF by 11.6% in the 4th quarter. Private Advisor Group LLC now owns 156,507 shares of the company’s stock valued at $5,395,000 after purchasing an additional 16,276 shares during the period. &PARTNERS lifted its holdings in shares of First Trust Active Factor Mid Cap ETF by 52.5% in the fourth quarter. &PARTNERS now owns 46,857 shares of the company’s stock valued at $1,619,000 after purchasing an additional 16,134 shares in the last quarter. Finally, Royal Bank of Canada bought a new stake in shares of First Trust Active Factor Mid Cap ETF in the fourth quarter valued at about $52,000.

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.