Short Interest in First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Grows By 578.8%

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 131,791 shares, an increase of 578.8% from the January 29th total of 19,414 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 110,044 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 110,044 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.1% of the shares of the stock are sold short.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in shares of First Trust Active Factor Large Cap ETF during the 1st quarter worth approximately $993,000. Envestnet Asset Management Inc. raised its position in First Trust Active Factor Large Cap ETF by 4.6% during the second quarter. Envestnet Asset Management Inc. now owns 724,835 shares of the company’s stock valued at $26,319,000 after purchasing an additional 32,157 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in First Trust Active Factor Large Cap ETF during the second quarter worth $937,000. Assetmark Inc. lifted its stake in First Trust Active Factor Large Cap ETF by 25.0% during the second quarter. Assetmark Inc. now owns 283,808 shares of the company’s stock worth $10,305,000 after purchasing an additional 56,723 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of First Trust Active Factor Large Cap ETF by 7.5% in the 2nd quarter. Atria Investments Inc now owns 65,643 shares of the company’s stock valued at $2,383,000 after purchasing an additional 4,573 shares in the last quarter.

First Trust Active Factor Large Cap ETF Price Performance

AFLG stock traded up $0.28 during midday trading on Wednesday, reaching $40.91. The company had a trading volume of 33,846 shares, compared to its average volume of 90,036. The company has a market capitalization of $490.92 million, a price-to-earnings ratio of 20.95 and a beta of 0.96. The stock has a 50 day moving average price of $39.99 and a 200-day moving average price of $39.05. First Trust Active Factor Large Cap ETF has a 1-year low of $29.11 and a 1-year high of $41.05.

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.