First Trust Active Factor Emerging Markets ETF (NASDAQ:AFEM) Stock Short Interest Report for October

First Trust Active Factor Emerging Markets ETF (NASDAQ:AFEM) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 779 shares, a decline of 60.5% from the September 30th total of 1,970 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 4,732 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Active Factor Emerging Markets ETF Stock Up 1.2%

NASDAQ:AFEM opened at $93.97 on Thursday. The stock’s fifty day moving average is $97.88 and its two-hundred day moving average is $91.81. First Trust Active Factor Emerging Markets ETF has a 52 week low of $75.86 and a 52 week high of $100.83. The stock has a market capitalization of $79.87 million, a price-to-earnings ratio of 12.49 and a beta of 0.79.

Hedge Funds Weigh In On First Trust Active Factor Emerging Markets ETF

A number of institutional investors and hedge funds have recently modified their holdings of AFEM. Ferguson Shapiro LLC grew its stake in shares of First Trust Active Factor Emerging Markets ETF by 126.6% in the 1st quarter. Ferguson Shapiro LLC now owns 217,818 shares of the company’s stock valued at $17,895,000 after purchasing an additional 121,708 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust Active Factor Emerging Markets ETF by 6.1% during the 1st quarter. Cetera Investment Advisers now owns 28,554 shares of the company’s stock worth $2,346,000 after acquiring an additional 1,645 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of First Trust Active Factor Emerging Markets ETF by 56.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,648 shares of the company’s stock worth $945,000 after acquiring an additional 3,495 shares during the period. GAMMA Investing LLC raised its holdings in First Trust Active Factor Emerging Markets ETF by 67.2% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $310,000 after purchasing an additional 1,270 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in First Trust Active Factor Emerging Markets ETF by 27.3% during the first quarter. International Assets Investment Management LLC now owns 853 shares of the company’s stock worth $70,000 after purchasing an additional 183 shares in the last quarter.

About First Trust Active Factor Emerging Markets ETF

First Trust Active Factor Emerging Markets ETF (NASDAQ: AFEM) is an exchange-traded fund managed by First Trust Advisors L.P. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies located in emerging-market countries.

AFEM uses an actively managed, factor-based investment approach to evaluate potential investments across emerging markets. Its portfolio may emphasize companies displaying characteristics such as attractive valuation, strong momentum, favorable quality measures or other factors identified through the fund’s investment process.