Short Interest in First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Increases By 120.2%

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 32,424 shares, a growth of 120.2% from the July 15th total of 14,724 shares. Based on an average trading volume of 37,421 shares, the short-interest ratio is presently 0.9 days. Approximately 0.7% of the company’s stock are sold short.

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

Institutional investors have recently made changes to their positions in the stock. Mariner LLC boosted its position in shares of First Trust Active Factor Mid Cap ETF by 0.9% during the 4th quarter. Mariner LLC now owns 42,030 shares of the company’s stock worth $1,449,000 after purchasing an additional 369 shares in the last quarter. Moors & Cabot Inc. increased its position in First Trust Active Factor Mid Cap ETF by 1.6% in the 3rd quarter. Moors & Cabot Inc. now owns 24,543 shares of the company’s stock valued at $842,000 after buying an additional 382 shares in the last quarter. Arkadios Wealth Advisors raised its stake in First Trust Active Factor Mid Cap ETF by 4.1% during the 4th quarter. Arkadios Wealth Advisors now owns 11,810 shares of the company’s stock worth $407,000 after buying an additional 461 shares during the period. World Equity Group Inc. raised its stake in First Trust Active Factor Mid Cap ETF by 7.2% during the 2nd quarter. World Equity Group Inc. now owns 8,741 shares of the company’s stock worth $358,000 after buying an additional 586 shares during the period. Finally, Prosperity Financial Group Inc. raised its stake in First Trust Active Factor Mid Cap ETF by 2.6% during the 4th quarter. Prosperity Financial Group Inc. now owns 29,217 shares of the company’s stock worth $1,007,000 after buying an additional 737 shares during the period.

First Trust Active Factor Mid Cap ETF Trading Up 0.3%

NYSEARCA AFMC traded up $0.14 on Friday, hitting $42.01. 12,684 shares of the company were exchanged, compared to its average volume of 28,989. The company has a market cap of $197.45 million, a PE ratio of 13.94 and a beta of 1.01. First Trust Active Factor Mid Cap ETF has a 12 month low of $32.43 and a 12 month high of $42.12. The stock has a fifty day moving average of $40.65 and a 200-day moving average of $38.57.

About First Trust Active Factor Mid Cap ETF

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.