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

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 100,067 shares, an increase of 340.3% from the June 15th total of 22,726 shares. Based on an average daily trading volume, of 62,952 shares, the short-interest ratio is presently 1.6 days. Currently, 0.6% of the company’s shares are sold short.

First Trust Active Factor Large Cap ETF Trading Up 0.5%

AFLG traded up $0.22 during trading on Friday, reaching $43.81. 39,425 shares of the company’s stock were exchanged, compared to its average volume of 83,086. First Trust Active Factor Large Cap ETF has a one year low of $35.95 and a one year high of $44.24. The stock has a market capitalization of $685.63 million, a PE ratio of 20.95 and a beta of 0.95. The firm has a fifty day moving average price of $43.27 and a two-hundred day moving average price of $41.15.

Institutional Trading of First Trust Active Factor Large Cap ETF

Several institutional investors have recently modified their holdings of the business. Smith Moore & CO. increased its holdings in First Trust Active Factor Large Cap ETF by 0.8% in the fourth quarter. Smith Moore & CO. now owns 33,198 shares of the company’s stock valued at $1,298,000 after purchasing an additional 256 shares during the period. Principal Securities Inc. grew its position in shares of First Trust Active Factor Large Cap ETF by 4.0% in the 4th quarter. Principal Securities Inc. now owns 7,987 shares of the company’s stock valued at $312,000 after buying an additional 309 shares during the last quarter. Signature Equity Partners LLC grew its position in shares of First Trust Active Factor Large Cap ETF by 39.3% in the 1st quarter. Signature Equity Partners LLC now owns 1,181 shares of the company’s stock valued at $46,000 after buying an additional 333 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of First Trust Active Factor Large Cap ETF by 60.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 934 shares of the company’s stock valued at $37,000 after buying an additional 351 shares during the period. Finally, ABLE Financial Group LLC increased its stake in shares of First Trust Active Factor Large Cap ETF by 7.0% in the fourth quarter. ABLE Financial Group LLC now owns 5,586 shares of the company’s stock valued at $218,000 after buying an additional 367 shares during the period.

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.