First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Stock Short Interest Drops 74.0%

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 7,740 shares, a decrease of 74.0% from the August 31st total of 29,757 shares. Based on an average daily volume of 63,593 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

First Trust Active Factor Large Cap ETF Trading Up 0.6%

Shares of AFLG traded up $0.26 on Friday, reaching $44.50. The company’s stock had a trading volume of 181,287 shares, compared to its average volume of 78,755. First Trust Active Factor Large Cap ETF has a twelve month low of $37.40 and a twelve month high of $45.42. The stock has a market capitalization of $780.98 million, a PE ratio of 20.95 and a beta of 0.95. The firm has a fifty day moving average of $44.55 and a 200-day moving average of $42.86.

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

Several institutional investors have recently modified their holdings of AFLG. Envestnet Portfolio Solutions Inc. grew its position in shares of First Trust Active Factor Large Cap ETF by 6.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 21,736 shares of the company’s stock valued at $944,000 after acquiring an additional 1,303 shares during the period. Envestnet Asset Management Inc. lifted its stake in First Trust Active Factor Large Cap ETF by 19.8% in the second quarter. Envestnet Asset Management Inc. now owns 1,350,946 shares of the company’s stock valued at $58,658,000 after purchasing an additional 222,927 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in First Trust Active Factor Large Cap ETF by 26.0% in 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 during the last quarter. NewEdge Advisors LLC grew its holdings in First Trust Active Factor Large Cap ETF by 16.3% during the second quarter. NewEdge Advisors LLC now owns 72,272 shares of the company’s stock valued at $3,138,000 after purchasing an additional 10,128 shares during the period. Finally, IFP Advisors Inc grew its holdings in First Trust Active Factor Large Cap ETF by 14.9% during the second quarter. IFP Advisors Inc now owns 121,179 shares of the company’s stock valued at $5,262,000 after purchasing an additional 15,717 shares during the period.

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.