Short Interest in First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Decreases By 54.0%

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 49,283 shares, a decrease of 54.0% from the April 15th total of 107,231 shares. Based on an average trading volume of 51,057 shares, the short-interest ratio is currently 1.0 days. Currently, 0.3% of the shares of the company are short sold.

First Trust Active Factor Large Cap ETF Stock Performance

NYSEARCA AFLG traded down $0.48 during trading hours on Friday, hitting $43.03. The company had a trading volume of 38,322 shares, compared to its average volume of 91,313. First Trust Active Factor Large Cap ETF has a 1-year low of $34.32 and a 1-year high of $43.58. The company has a market cap of $619.63 million, a PE ratio of 20.95 and a beta of 0.96. The business has a 50 day moving average of $40.51 and a 200-day moving average of $39.94.

Institutional Investors Weigh In On First Trust Active Factor Large Cap ETF

Several hedge funds have recently made changes to their positions in AFLG. International Assets Investment Management LLC grew its holdings in shares of First Trust Active Factor Large Cap ETF by 226.6% during the first quarter. International Assets Investment Management LLC now owns 650 shares of the company’s stock worth $25,000 after buying an additional 451 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of First Trust Active Factor Large Cap ETF during the third quarter worth about $29,000. Cullen Frost Bankers Inc. grew its holdings in shares of First Trust Active Factor Large Cap ETF by 60.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 934 shares of the company’s stock worth $37,000 after buying an additional 351 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of First Trust Active Factor Large Cap ETF by 205.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 989 shares of the company’s stock worth $39,000 after buying an additional 665 shares during the last quarter. Finally, Signature Equity Partners LLC grew its holdings in shares of First Trust Active Factor Large Cap ETF by 39.3% during the first quarter. Signature Equity Partners LLC now owns 1,181 shares of the company’s stock worth $46,000 after buying an additional 333 shares during the last quarter.

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.