First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Sees Significant Growth in Short Interest

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 32,691 shares, an increase of 211.0% from the October 15th total of 10,512 shares. Based on an average daily volume of 353,005 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

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

Several institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its holdings in First Trust Active Factor Large Cap ETF by 226.6% during the first quarter. International Assets Investment Management LLC now owns 650 shares of the company’s stock worth $25,000 after buying an additional 451 shares during the last quarter. Royal Bank of Canada boosted its stake in First Trust Active Factor Large Cap ETF by 192.5% in the first quarter. Royal Bank of Canada now owns 699 shares of the company’s stock valued at $27,000 after acquiring an additional 460 shares during the last quarter. Silver Grove Financial Group Inc. boosted its stake in First Trust Active Factor Large Cap ETF by 60.4% in the third quarter. Silver Grove Financial Group Inc. now owns 704 shares of the company’s stock valued at $31,000 after acquiring an additional 265 shares during the last quarter. Signature Equity Partners LLC boosted its stake in First Trust Active Factor Large Cap ETF by 39.3% in the first quarter. Signature Equity Partners LLC now owns 1,181 shares of the company’s stock valued at $46,000 after acquiring an additional 333 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of First Trust Active Factor Large Cap ETF during the 3rd quarter valued at approximately $114,000.

First Trust Active Factor Large Cap ETF Price Performance

Shares of NYSEARCA AFLG traded down $0.09 during mid-day trading on Friday, reaching $43.93. 108,984 shares of the company’s stock were exchanged, compared to its average volume of 95,734. The firm has a market capitalization of $929.12 million, a price-to-earnings ratio of 18.02 and a beta of 0.95. First Trust Active Factor Large Cap ETF has a 52 week low of $37.40 and a 52 week high of $45.42. The firm has a 50-day moving average price of $44.57 and a two-hundred day moving average price of $42.81.

About First Trust Active Factor Large Cap ETF

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.