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) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 49,283 shares, a decrease of 54.0% from the April 15th total of 107,231 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 51,057 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in First Trust Active Factor Large Cap ETF by 226.6% during the 1st 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 period. Advisory Services Network LLC acquired a new stake in First Trust Active Factor Large Cap ETF during the 3rd quarter worth $29,000. Cullen Frost Bankers Inc. raised its stake in First Trust Active Factor Large Cap ETF by 60.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 934 shares of the company’s stock worth $37,000 after buying an additional 351 shares during the period. Smartleaf Asset Management LLC raised its stake in First Trust Active Factor Large Cap ETF by 205.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 989 shares of the company’s stock worth $39,000 after buying an additional 665 shares during the period. Finally, Signature Equity Partners LLC raised its stake in First Trust Active Factor Large Cap ETF by 39.3% during the 1st quarter. Signature Equity Partners LLC now owns 1,181 shares of the company’s stock worth $46,000 after buying an additional 333 shares during the period.

First Trust Active Factor Large Cap ETF Price Performance

Shares of AFLG stock traded down $0.48 during trading hours on Friday, reaching $43.03. The company had a trading volume of 38,322 shares, compared to its average volume of 91,313. The company has a 50 day moving average of $40.51 and a 200 day moving average of $39.94. The firm has a market cap of $619.63 million, a price-to-earnings ratio of 20.95 and a beta of 0.96. First Trust Active Factor Large Cap ETF has a 1-year low of $34.32 and a 1-year high of $43.58.

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.