Short Interest in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Grows By 44.5%

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 13,295 shares, a growth of 44.5% from the December 15th total of 9,202 shares. Based on an average daily volume of 10,058 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 10,058 shares, the days-to-cover ratio is presently 1.3 days.

First Trust Active Factor Mid Cap ETF Trading Down 0.5%

Shares of First Trust Active Factor Mid Cap ETF stock traded down $0.18 during trading on Friday, hitting $36.38. The stock had a trading volume of 11,283 shares, compared to its average volume of 18,944. First Trust Active Factor Mid Cap ETF has a 12 month low of $26.73 and a 12 month high of $36.65. The firm has a market cap of $103.68 million, a price-to-earnings ratio of 13.94 and a beta of 1.05. The business’s 50-day moving average is $34.67 and its 200 day moving average is $33.82.

First Trust Active Factor Mid Cap ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.1568 per share. This is a boost from First Trust Active Factor Mid Cap ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Friday, December 12th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.7%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new stake in First Trust Active Factor Mid Cap ETF in the third quarter valued at approximately $30,000. Founders Financial Alliance LLC purchased a new stake in First Trust Active Factor Mid Cap ETF during the 3rd quarter valued at $41,000. Geneos Wealth Management Inc. grew its holdings in First Trust Active Factor Mid Cap ETF by 21.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,650 shares of the company’s stock worth $149,000 after acquiring an additional 813 shares during the last quarter. Prospera Financial Services Inc purchased a new position in shares of First Trust Active Factor Mid Cap ETF in the second quarter valued at about $308,000. Finally, Arkadios Wealth Advisors bought a new position in shares of First Trust Active Factor Mid Cap ETF during the second quarter valued at about $325,000.

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.