First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Short Interest Up 108.0% in March

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 30,992 shares, an increase of 108.0% from the February 26th total of 14,900 shares. Based on an average trading volume of 81,926 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

First Trust Active Factor Large Cap ETF Stock Performance

AFLG stock traded down $0.53 during midday trading on Friday, reaching $37.71. The company’s stock had a trading volume of 100,187 shares, compared to its average volume of 86,193. The stock has a fifty day simple moving average of $39.88 and a two-hundred day simple moving average of $39.31. 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 has a market capitalization of $452.52 million, a price-to-earnings ratio of 20.95 and a beta of 0.96.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AFLG. NewEdge Advisors LLC bought a new stake in First Trust Active Factor Large Cap ETF during the 1st quarter valued at about $993,000. Smith Moore & CO. increased its position in shares of First Trust Active Factor Large Cap ETF by 16.2% during the second quarter. Smith Moore & CO. now owns 29,060 shares of the company’s stock worth $1,055,000 after acquiring an additional 4,060 shares during the period. First Trust Advisors LP bought a new stake in shares of First Trust Active Factor Large Cap ETF during the second quarter valued at approximately $217,000. Gateway Wealth Partners LLC raised its stake in shares of First Trust Active Factor Large Cap ETF by 24.2% during the second quarter. Gateway Wealth Partners LLC now owns 53,430 shares of the company’s stock valued at $1,940,000 after acquiring an additional 10,396 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of First Trust Active Factor Large Cap ETF in the second quarter valued at approximately $3,627,000.

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.