First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 10,512 shares, a growth of 178.1% from the September 30th total of 3,780 shares. Based on an average daily trading volume, of 98,203 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Trading of First Trust Active Factor Large Cap ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in AFLG. Stenger Family Office LLC purchased a new position in shares of First Trust Active Factor Large Cap ETF during the 1st quarter valued at approximately $16,238,000. Kirkwood Financial Services acquired a new position in shares of First Trust Active Factor Large Cap ETF in the 2nd quarter valued at $12,982,000. Spectrum Wealth Advisory Group LLC boosted its holdings in First Trust Active Factor Large Cap ETF by 1,733.4% during the third quarter. Spectrum Wealth Advisory Group LLC now owns 274,840 shares of the company’s stock worth $12,134,000 after buying an additional 259,849 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in First Trust Active Factor Large Cap ETF by 19.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,350,946 shares of the company’s stock worth $58,658,000 after buying an additional 222,927 shares in the last quarter. Finally, Gateway Wealth Partners LLC boosted its holdings in First Trust Active Factor Large Cap ETF by 183.3% during the first quarter. Gateway Wealth Partners LLC now owns 178,001 shares of the company’s stock worth $6,866,000 after buying an additional 115,179 shares in the last quarter.
First Trust Active Factor Large Cap ETF Trading Down 1.4%
Shares of NYSEARCA:AFLG opened at $44.27 on Friday. First Trust Active Factor Large Cap ETF has a twelve month low of $37.40 and a twelve month high of $45.42. The company’s 50 day moving average is $44.77 and its 200 day moving average is $42.62. The company has a market cap of $909.75 million, a PE ratio of 20.95 and a beta of 0.95.
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.
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