First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Stock Short Interest Jumps 211.0%

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 32,691 shares, a growth of 211.0% from the October 15th total of 10,512 shares. Based on an average daily volume of 353,005 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

First Trust Active Factor Large Cap ETF Stock Down 0.4%

AFLG stock traded down $0.17 during midday trading on Thursday, reaching $44.04. 92,865 shares of the company’s stock traded hands, compared to its average volume of 95,607. The firm’s fifty day moving average price is $44.61 and its 200-day moving average price is $42.77. First Trust Active Factor Large Cap ETF has a 52 week low of $37.40 and a 52 week high of $45.42. The company has a market cap of $931.45 million, a price-to-earnings ratio of 18.02 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC bought a new position in First Trust Active Factor Large Cap ETF during the 2nd quarter valued at $1,919,000. D.A. Davidson & CO. purchased a new stake in shares of First Trust Active Factor Large Cap ETF in the third quarter valued at about $4,727,000. Cetera Investment Advisers raised its holdings in shares of First Trust Active Factor Large Cap ETF by 28.5% in the first quarter. Cetera Investment Advisers now owns 385,153 shares of the company’s stock valued at $14,857,000 after purchasing an additional 85,324 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of First Trust Active Factor Large Cap ETF by 26.0% during the second quarter. Integrated Wealth Concepts LLC now owns 210,923 shares of the company’s stock valued at $9,158,000 after purchasing an additional 43,508 shares in the last quarter. Finally, NI Acquisitions Company LLC bought a new position in shares of First Trust Active Factor Large Cap ETF during the second quarter valued at about $4,819,000.

First Trust Active Factor Large Cap ETF Company Profile

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.