First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Short Interest Update

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 4,911 shares, a decline of 69.4% from the November 30th total of 16,038 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 54,353 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 54,353 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the company’s stock are sold short.

First Trust Active Factor Small Cap ETF Stock Performance

Shares of NYSEARCA AFSM opened at $33.71 on Thursday. The stock has a 50 day moving average price of $32.56 and a 200 day moving average price of $31.66. The stock has a market capitalization of $47.19 million, a PE ratio of 13.11 and a beta of 1.04. First Trust Active Factor Small Cap ETF has a 52 week low of $24.42 and a 52 week high of $34.10.

First Trust Active Factor Small Cap ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a dividend of $0.0622 per share. This represents a $0.25 annualized dividend and a yield of 0.7%. This is an increase from First Trust Active Factor Small Cap ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, December 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in shares of First Trust Active Factor Small Cap ETF during the 2nd quarter worth about $60,000. Geneos Wealth Management Inc. bought a new position in First Trust Active Factor Small Cap ETF during the first quarter worth about $164,000. FSB Premier Wealth Management Inc. acquired a new position in First Trust Active Factor Small Cap ETF during the third quarter worth approximately $267,000. Kestra Private Wealth Services LLC raised its stake in First Trust Active Factor Small Cap ETF by 14.9% in the third quarter. Kestra Private Wealth Services LLC now owns 9,136 shares of the company’s stock valued at $299,000 after buying an additional 1,184 shares during the period. Finally, Smith Moore & CO. lifted its position in shares of First Trust Active Factor Small Cap ETF by 7.7% in the third quarter. Smith Moore & CO. now owns 9,417 shares of the company’s stock valued at $308,000 after buying an additional 672 shares during the last quarter.

First Trust Active Factor Small Cap ETF Company Profile

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.