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

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 19,161 shares, a growth of 76.6% from the June 15th total of 10,847 shares. Based on an average daily volume of 20,643 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.7% of the shares of the stock are sold short.

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

Institutional investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors purchased a new stake in shares of First Trust Active Factor Small Cap ETF during the 4th quarter valued at $206,000. RFG Advisory LLC purchased a new position in First Trust Active Factor Small Cap ETF in the first quarter worth $226,000. Wedbush Securities Inc. purchased a new position in First Trust Active Factor Small Cap ETF in the fourth quarter worth $230,000. Kestra Private Wealth Services LLC grew its position 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 worth $299,000 after acquiring an additional 1,184 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. increased its stake in First Trust Active Factor Small Cap ETF by 14.6% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 9,366 shares of the company’s stock valued at $308,000 after acquiring an additional 1,192 shares during the last quarter.

First Trust Active Factor Small Cap ETF Price Performance

Shares of AFSM opened at $40.00 on Friday. The firm’s 50 day simple moving average is $38.86 and its 200 day simple moving average is $35.96. The company has a market capitalization of $112 million, a P/E ratio of 13.11 and a beta of 1.02. First Trust Active Factor Small Cap ETF has a 1-year low of $29.49 and a 1-year high of $41.28.

About First Trust Active Factor Small Cap ETF

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.