First Trust Active Factor International ETF (NASDAQ:AFDM) Sees Large Increase in Short Interest

First Trust Active Factor International ETF (NASDAQ:AFDM) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,005 shares, an increase of 263.2% from the September 30th total of 552 shares. Based on an average daily trading volume, of 9,837 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Active Factor International ETF

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in First Trust Active Factor International ETF by 10.3% during the second quarter. Envestnet Asset Management Inc. now owns 171,614 shares of the company’s stock worth $14,944,000 after buying an additional 15,988 shares in the last quarter. Cetera Investment Advisers increased its holdings in First Trust Active Factor International ETF by 21.5% during the 1st quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock valued at $13,840,000 after acquiring an additional 29,804 shares in the last quarter. GAMMA Investing LLC raised its position in First Trust Active Factor International ETF by 136.2% during the third quarter. GAMMA Investing LLC now owns 8,197 shares of the company’s stock worth $729,000 after acquiring an additional 4,726 shares during the last quarter. Spartan Wealth Advisory Services LLC acquired a new position in First Trust Active Factor International ETF during the first quarter worth about $230,000. Finally, Citadel Advisors LLC purchased a new stake in shares of First Trust Active Factor International ETF in the second quarter valued at about $308,000.

First Trust Active Factor International ETF Price Performance

AFDM stock traded down $0.96 during mid-day trading on Friday, hitting $88.52. 1,132 shares of the stock were exchanged, compared to its average volume of 5,055. The stock has a market capitalization of $147.83 million, a price-to-earnings ratio of 12.09 and a beta of 0.80. The business has a fifty day moving average price of $91.21 and a 200 day moving average price of $87.66. First Trust Active Factor International ETF has a 12 month low of $75.45 and a 12 month high of $93.73.

First Trust Active Factor International ETF Company Profile

First Trust Active Factor International ETF (NASDAQ: AFDM) 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 international markets outside the United States.

AFDM uses an active, factor-based investment approach to select and manage its portfolio. Its strategy is designed to identify international companies exhibiting characteristics that may support attractive long-term returns, while allowing the portfolio management team flexibility to adjust holdings as market conditions and company fundamentals change.

The fund provides investors with diversified exposure to developed markets outside the United States and may invest across multiple industries and countries.