Short Interest in First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Declines By 49.3%

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 6,906 shares, a decrease of 49.3% from the February 26th total of 13,612 shares. Based on an average daily volume of 18,085 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

First Trust Active Factor Small Cap ETF Stock Down 1.5%

AFSM traded down $0.50 during midday trading on Friday, reaching $32.31. 29,177 shares of the company’s stock were exchanged, compared to its average volume of 20,527. The business has a 50-day simple moving average of $34.13 and a two-hundred day simple moving average of $33.24. The firm has a market capitalization of $72.70 million, a price-to-earnings ratio of 13.11 and a beta of 1.04. First Trust Active Factor Small Cap ETF has a one year low of $24.42 and a one year high of $35.32.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arkadios Wealth Advisors bought a new stake in First Trust Active Factor Small Cap ETF in the fourth quarter valued at $206,000. Wedbush Securities Inc. bought a new position in shares of First Trust Active Factor Small Cap ETF during the fourth quarter valued at $230,000. FSB Premier Wealth Management Inc. bought a new position in shares of First Trust Active Factor Small Cap ETF during the third quarter valued at $267,000. Kestra Private Wealth Services LLC boosted its stake in shares of First Trust Active Factor Small Cap ETF by 14.9% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 9,136 shares of the company’s stock valued at $299,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Smith Moore & CO. boosted its stake in shares of First Trust Active Factor Small Cap ETF by 7.7% in the 3rd quarter. Smith Moore & CO. now owns 9,417 shares of the company’s stock valued at $308,000 after purchasing an additional 672 shares in the last quarter.

First Trust Active Factor Small Cap ETF Company Profile

The First Trust Active Factor Small Cap ETF (AFSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed portfolio of US small-cap companies that exhibit exposure to one or more investing factors. AFSM was launched on Dec 3, 2019 and is managed by First Trust.