First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Down 87.1% in March

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 1,831 shares, a decrease of 87.1% from the February 26th total of 14,206 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 26,374 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 26,374 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

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

Large investors have recently modified their holdings of the stock. LPL Financial LLC lifted its holdings in First Trust Active Factor Mid Cap ETF by 9.8% in the fourth quarter. LPL Financial LLC now owns 688,857 shares of the company’s stock worth $23,746,000 after buying an additional 61,355 shares during the period. Cetera Investment Advisers boosted its position in First Trust Active Factor Mid Cap ETF by 18.1% during the 2nd quarter. Cetera Investment Advisers now owns 177,790 shares of the company’s stock valued at $5,712,000 after acquiring an additional 27,195 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of First Trust Active Factor Mid Cap ETF by 11.6% during the 4th quarter. Private Advisor Group LLC now owns 156,507 shares of the company’s stock worth $5,395,000 after acquiring an additional 16,276 shares during the period. Kestra Advisory Services LLC raised its position 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 worth $3,737,000 after acquiring an additional 30,137 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of First Trust Active Factor Mid Cap ETF by 1.6% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 98,619 shares of the company’s stock worth $3,384,000 after acquiring an additional 1,510 shares in the last quarter.

First Trust Active Factor Mid Cap ETF Stock Performance

AFMC stock traded up $0.27 on Wednesday, reaching $36.07. The company’s stock had a trading volume of 9,804 shares, compared to its average volume of 31,279. The firm has a market cap of $111.82 million, a PE ratio of 13.94 and a beta of 1.05. The business has a fifty day simple moving average of $36.55 and a two-hundred day simple moving average of $35.07. First Trust Active Factor Mid Cap ETF has a 12-month low of $26.73 and a 12-month high of $37.94.

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.