First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Shares Shorted: Short Interest Down 44.3% in September

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 5,595 shares, a drop of 44.3% from the August 31st total of 10,040 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 14,232 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of AFSM. James J. Burns & Company LLC lifted its position in First Trust Active Factor Small Cap ETF by 4.8% in the first quarter. James J. Burns & Company LLC now owns 551,235 shares of the company’s stock valued at $18,114,000 after purchasing an additional 25,406 shares during the last quarter. Ethos Financial Group LLC raised its holdings in First Trust Active Factor Small Cap ETF by 10.2% during the 1st quarter. Ethos Financial Group LLC now owns 45,344 shares of the company’s stock valued at $1,490,000 after buying an additional 4,213 shares during the last quarter. Kestra Advisory Services LLC boosted its position in First Trust Active Factor Small Cap ETF by 4.6% during the 1st quarter. Kestra Advisory Services LLC now owns 28,109 shares of the company’s stock valued at $924,000 after buying an additional 1,246 shares during the period. Advisortrust Partners LLC bought a new stake in First Trust Active Factor Small Cap ETF in the 4th quarter worth $564,000. Finally, World Equity Group Inc. grew its holdings in First Trust Active Factor Small Cap ETF by 5.6% in the 2nd quarter. World Equity Group Inc. now owns 10,873 shares of the company’s stock worth $447,000 after acquiring an additional 581 shares during the last quarter.

First Trust Active Factor Small Cap ETF Stock Performance

Shares of AFSM stock traded down $0.28 on Wednesday, hitting $39.25. 4,317 shares of the company’s stock traded hands, compared to its average volume of 17,212. The stock has a market capitalization of $127.57 million, a price-to-earnings ratio of 13.11 and a beta of 1.02. The company’s fifty day simple moving average is $40.26 and its 200 day simple moving average is $38.18. First Trust Active Factor Small Cap ETF has a one year low of $30.74 and a one year high of $41.63.

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.