First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Stock Short Interest Falls 74.0%

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 7,740 shares, a decline of 74.0% from the August 31st total of 29,757 shares. Based on an average daily trading volume, of 63,593 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust Active Factor Large Cap ETF

A number of institutional investors have recently added to or reduced their stakes in AFLG. Envestnet Asset Management Inc. increased its position in shares of First Trust Active Factor Large Cap ETF by 19.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,350,946 shares of the company’s stock valued at $58,658,000 after purchasing an additional 222,927 shares during the period. Arax Advisory Partners acquired a new stake in shares of First Trust Active Factor Large Cap ETF in the fourth quarter valued at $20,422,000. Stenger Family Office LLC acquired a new stake in shares of First Trust Active Factor Large Cap ETF in the first quarter valued at $16,238,000. Assetmark Inc. boosted its stake in First Trust Active Factor Large Cap ETF by 33.9% during the first quarter. Assetmark Inc. now owns 411,708 shares of the company’s stock valued at $15,882,000 after buying an additional 104,214 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in First Trust Active Factor Large Cap ETF by 28.5% during the first quarter. Cetera Investment Advisers now owns 385,153 shares of the company’s stock valued at $14,857,000 after buying an additional 85,324 shares in the last quarter.

First Trust Active Factor Large Cap ETF Stock Performance

Shares of NYSEARCA:AFLG traded down $0.20 during trading on Monday, reaching $44.30. The company had a trading volume of 63,598 shares, compared to its average volume of 78,673. The firm’s fifty day moving average is $44.55 and its 200 day moving average is $42.86. The firm has a market capitalization of $777.47 million, a PE ratio of 20.95 and a beta of 0.95. First Trust Active Factor Large Cap ETF has a twelve month low of $37.40 and a twelve month high of $45.42.

First Trust Active Factor Large Cap ETF Company Profile

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.