Short Interest in First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Drops By 27.4%

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 19,414 shares, a drop of 27.4% from the January 15th total of 26,734 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 121,769 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 121,769 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

First Trust Active Factor Large Cap ETF Price Performance

Shares of NYSEARCA:AFLG traded up $0.18 during mid-day trading on Monday, reaching $40.31. 103,305 shares of the company were exchanged, compared to its average volume of 99,200. The firm has a market cap of $483.72 million, a price-to-earnings ratio of 20.95 and a beta of 0.96. First Trust Active Factor Large Cap ETF has a 1 year low of $29.11 and a 1 year high of $41.05. The firm’s 50-day simple moving average is $39.83 and its 200 day simple moving average is $38.87.

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

Several hedge funds have recently bought and sold shares of the company. Smith Moore & CO. increased its holdings in First Trust Active Factor Large Cap ETF by 0.8% during the 4th quarter. Smith Moore & CO. now owns 33,198 shares of the company’s stock worth $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% during the fourth quarter. Principal Securities Inc. now owns 7,987 shares of the company’s stock worth $312,000 after buying an additional 309 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of First Trust Active Factor Large Cap ETF by 60.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 934 shares of the company’s stock worth $37,000 after buying an additional 351 shares during the period. Concurrent Investment Advisors LLC raised its holdings in First Trust Active Factor Large Cap ETF by 5.2% in the second quarter. Concurrent Investment Advisors LLC now owns 7,255 shares of the company’s stock valued at $263,000 after acquiring an additional 358 shares in the last quarter. Finally, ABLE Financial Group LLC raised its holdings in 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 acquiring an additional 367 shares in the last quarter.

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.