Short Interest in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Increases By 82.7%

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 2,247 shares, a growth of 82.7% from the April 15th total of 1,230 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 20,888 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Active Factor Mid Cap ETF Price Performance

AFMC stock opened at $38.40 on Monday. The stock has a market capitalization of $151.68 million, a PE ratio of 13.94 and a beta of 1.02. The company’s 50-day moving average is $37.10 and its 200-day moving average is $35.99. First Trust Active Factor Mid Cap ETF has a 1 year low of $30.77 and a 1 year high of $39.71.

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

A number of institutional investors and hedge funds have recently made changes to their positions in AFMC. Advisory Services Network LLC bought a new position in shares of First Trust Active Factor Mid Cap ETF during the 3rd quarter worth about $30,000. Founders Financial Alliance LLC bought a new position in shares of First Trust Active Factor Mid Cap ETF during the 3rd quarter worth about $41,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust Active Factor Mid Cap ETF in the 4th quarter worth about $49,000. Royal Bank of Canada acquired a new stake in shares of First Trust Active Factor Mid Cap ETF in the 4th quarter worth about $52,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of First Trust Active Factor Mid Cap ETF by 21.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,650 shares of the company’s stock worth $149,000 after acquiring an additional 813 shares during the last quarter.

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.