First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Stock Short Interest Declines 82.3%

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,359 shares, a drop of 82.3% from the August 31st total of 30,286 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 18,626 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Active Factor Mid Cap ETF Stock Performance

First Trust Active Factor Mid Cap ETF stock opened at $39.89 on Friday. The firm has a market capitalization of $215.41 million, a PE ratio of 13.94 and a beta of 1.01. First Trust Active Factor Mid Cap ETF has a one year low of $32.43 and a one year high of $42.13. The stock’s 50 day moving average price is $40.89 and its 200 day moving average price is $39.35.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in shares of First Trust Active Factor Mid Cap ETF in the second quarter valued at $808,000. Envestnet Asset Management Inc. increased its stake in First Trust Active Factor Mid Cap ETF by 18.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 24,760 shares of the company’s stock worth $1,015,000 after buying an additional 3,869 shares during the period. PCG Wealth Advisors LLC purchased a new stake in First Trust Active Factor Mid Cap ETF during the 2nd quarter worth $210,000. World Equity Group Inc. lifted its holdings in First Trust Active Factor Mid Cap ETF by 7.2% in 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 in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in First Trust Active Factor Mid Cap ETF by 4.8% in the 1st quarter. Arkadios Wealth Advisors now owns 12,373 shares of the company’s stock worth $439,000 after buying an additional 563 shares in the last quarter.

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.