Short Interest in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Rises By 120.2%

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 32,424 shares, an increase of 120.2% from the July 15th total of 14,724 shares. Based on an average trading volume of 37,421 shares, the short-interest ratio is currently 0.9 days. Approximately 0.7% of the company’s shares are short sold.

First Trust Active Factor Mid Cap ETF Stock Performance

Shares of First Trust Active Factor Mid Cap ETF stock traded up $0.14 on Friday, reaching $42.01. The company had a trading volume of 12,684 shares, compared to its average volume of 28,989. The firm’s 50 day moving average price is $40.65 and its two-hundred day moving average price is $38.57. First Trust Active Factor Mid Cap ETF has a 52-week low of $32.43 and a 52-week high of $42.12. The firm has a market cap of $197.45 million, a PE ratio of 13.94 and a beta of 1.01.

Institutional Trading of First Trust Active Factor Mid Cap ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake 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 worth $23,746,000 after purchasing an additional 61,355 shares in the last quarter. Farther Finance Advisors LLC grew 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 valued at $1,611,000 after buying an additional 32,197 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of First Trust Active Factor Mid Cap ETF in the 3rd quarter valued at $1,078,000. Kestra Advisory Services LLC raised its holdings in shares of First Trust Active Factor Mid Cap ETF by 38.5% in the 4th quarter. Kestra Advisory Services LLC now owns 108,407 shares of the company’s stock valued at $3,737,000 after buying an additional 30,137 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in First Trust Active Factor Mid Cap ETF by 31.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 72,302 shares of the company’s stock worth $2,492,000 after acquiring an additional 17,498 shares in the last quarter.

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.