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 recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 24,400 shares, an increase of 43.5% from the September 30th total of 17,000 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 55,000 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 55,000 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

First Trust Active Factor Large Cap ETF Trading Up 0.2%

Shares of NYSEARCA:AFLG opened at $39.09 on Monday. First Trust Active Factor Large Cap ETF has a 12-month low of $29.11 and a 12-month high of $39.60. The business has a 50 day moving average of $38.47 and a two-hundred day moving average of $36.55. The company has a market capitalization of $439.76 million, a PE ratio of 20.95 and a beta of 0.96.

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

Large investors have recently made changes to their positions in the company. Rossby Financial LCC acquired a new stake in First Trust Active Factor Large Cap ETF during the first quarter valued at $30,000. Synergy Investment Management LLC acquired a new position in shares of First Trust Active Factor Large Cap ETF in the first quarter worth about $118,000. GoalVest Advisory LLC purchased a new stake in shares of First Trust Active Factor Large Cap ETF during the 3rd quarter worth about $160,000. Founders Financial Alliance LLC acquired a new stake in shares of First Trust Active Factor Large Cap ETF during the 1st quarter valued at about $198,000. Finally, IHT Wealth Management LLC acquired a new stake in shares of First Trust Active Factor Large Cap ETF during the 2nd quarter valued at about $200,000.

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.