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

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 67,269 shares, a decrease of 32.8% from the June 30th total of 100,067 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 78,694 shares, the short-interest ratio is currently 0.9 days.

First Trust Active Factor Large Cap ETF Trading Up 1.0%

Shares of AFLG opened at $43.77 on Friday. The stock has a market cap of $706.89 million, a P/E ratio of 20.95 and a beta of 0.95. The company has a 50-day moving average of $43.45 and a two-hundred day moving average of $41.56. First Trust Active Factor Large Cap ETF has a 12-month low of $36.23 and a 12-month high of $44.24.

Institutional Investors Weigh In On First Trust Active Factor Large Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC grew its stake in First Trust Active Factor Large Cap ETF by 14.6% in the 4th quarter. LPL Financial LLC now owns 2,371,161 shares of the company’s stock worth $92,712,000 after acquiring an additional 302,006 shares during the period. Arax Advisory Partners acquired a new position in shares of First Trust Active Factor Large Cap ETF during the 4th quarter valued at about $20,422,000. Stenger Family Office LLC acquired a new position in shares of First Trust Active Factor Large Cap ETF during the 1st quarter valued at about $16,238,000. Assetmark Inc. lifted its holdings in shares of First Trust Active Factor Large Cap ETF by 33.9% during the 1st quarter. Assetmark Inc. now owns 411,708 shares of the company’s stock worth $15,882,000 after acquiring an additional 104,214 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Active Factor Large Cap ETF by 28.5% during the 1st quarter. Cetera Investment Advisers now owns 385,153 shares of the company’s stock worth $14,857,000 after acquiring an additional 85,324 shares during the period.

About First Trust Active Factor Large Cap ETF

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.