First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Short Interest Down 75.5% in February

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 7,350 shares, a drop of 75.5% from the January 29th total of 29,990 shares. Based on an average trading volume of 20,832 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 20,832 shares, the short-interest ratio is presently 0.4 days.

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

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in First Trust Active Factor Small Cap ETF by 14.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 284,096 shares of the company’s stock valued at $8,488,000 after acquiring an additional 35,316 shares during the period. IFG Advisory LLC acquired a new stake in shares of First Trust Active Factor Small Cap ETF during the 2nd quarter worth about $1,748,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of First Trust Active Factor Small Cap ETF by 3.2% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 17,017 shares of the company’s stock worth $508,000 after buying an additional 535 shares during the period. Moors & Cabot Inc. lifted its position in First Trust Active Factor Small Cap ETF by 9.4% during the second quarter. Moors & Cabot Inc. now owns 15,232 shares of the company’s stock worth $455,000 after acquiring an additional 1,309 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of First Trust Active Factor Small Cap ETF by 3.0% in the second quarter. Cetera Investment Advisers now owns 61,881 shares of the company’s stock valued at $1,849,000 after purchasing an additional 1,802 shares during the last quarter.

First Trust Active Factor Small Cap ETF Price Performance

Shares of NYSEARCA AFSM traded up $0.08 during mid-day trading on Thursday, hitting $35.11. The company had a trading volume of 12,773 shares, compared to its average volume of 19,628. The firm has a market cap of $79.00 million, a P/E ratio of 13.11 and a beta of 1.04. First Trust Active Factor Small Cap ETF has a 12 month low of $24.42 and a 12 month high of $35.32. The business’s 50-day simple moving average is $34.26 and its 200-day simple moving average is $33.03.

First Trust Active Factor Small Cap ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.0622 per share. The ex-dividend date was Friday, December 12th. This represents a $0.25 annualized dividend and a dividend yield of 0.7%. This is a positive change from First Trust Active Factor Small Cap ETF’s previous quarterly dividend of $0.02.

About First Trust Active Factor Small Cap ETF

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.