Short Interest in First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Decreases By 54.0%

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 49,283 shares, a decline of 54.0% from the April 15th total of 107,231 shares. Based on an average trading volume of 51,057 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are short sold.

First Trust Active Factor Large Cap ETF Price Performance

NYSEARCA:AFLG traded down $0.48 during mid-day trading on Friday, hitting $43.03. 38,322 shares of the company’s stock were exchanged, compared to its average volume of 91,313. First Trust Active Factor Large Cap ETF has a one year low of $34.32 and a one year high of $43.58. The business has a fifty day moving average price of $40.51 and a 200 day moving average price of $39.94. The company has a market cap of $619.63 million, a PE ratio of 20.95 and a beta of 0.96.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. LPL Financial LLC raised its holdings in First Trust Active Factor Large Cap ETF by 14.6% in the fourth quarter. LPL Financial LLC now owns 2,371,161 shares of the company’s stock worth $92,712,000 after buying an additional 302,006 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in First Trust Active Factor Large Cap ETF by 2.9% in the third quarter. Envestnet Asset Management Inc. now owns 746,048 shares of the company’s stock worth $28,954,000 after buying an additional 21,213 shares during the last quarter. Arax Advisory Partners purchased a new position in First Trust Active Factor Large Cap ETF in the fourth quarter worth about $20,422,000. Stenger Family Office LLC purchased a new position in First Trust Active Factor Large Cap ETF in the first quarter worth about $16,238,000. Finally, Assetmark Inc. raised its holdings in First Trust Active Factor Large Cap ETF by 33.9% in the first quarter. Assetmark Inc. now owns 411,708 shares of the company’s stock worth $15,882,000 after buying an additional 104,214 shares during the last quarter.

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.