First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Up 1,454.1% in January

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 57,519 shares, a growth of 1,454.1% from the January 15th total of 3,701 shares. Based on an average trading volume of 39,692 shares, the short-interest ratio is currently 1.4 days. Currently, 1.9% of the company’s stock are sold short. Currently, 1.9% of the company’s stock are sold short. Based on an average trading volume of 39,692 shares, the short-interest ratio is currently 1.4 days.

First Trust Active Factor Mid Cap ETF Stock Down 0.1%

Shares of AFMC stock traded down $0.05 during mid-day trading on Tuesday, reaching $37.43. 43,511 shares of the company’s stock traded hands, compared to its average volume of 30,074. The company’s 50-day moving average price is $35.58 and its 200-day moving average price is $34.28. The company has a market cap of $116.03 million, a P/E ratio of 13.94 and a beta of 1.05. First Trust Active Factor Mid Cap ETF has a 12 month low of $26.73 and a 12 month high of $37.65.

First Trust Active Factor Mid Cap ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.1568 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.7%. This is an increase from First Trust Active Factor Mid Cap ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AFMC. Prospera Financial Services Inc lifted its stake in First Trust Active Factor Mid Cap ETF by 3.2% during the 3rd quarter. Prospera Financial Services Inc now owns 9,899 shares of the company’s stock valued at $340,000 after acquiring an additional 308 shares during the period. PKS Advisory Services LLC raised its holdings in shares of First Trust Active Factor Mid Cap ETF by 0.9% during the third quarter. PKS Advisory Services LLC now owns 36,682 shares of the company’s stock valued at $1,259,000 after purchasing an additional 345 shares during the last quarter. Moors & Cabot Inc. lifted its position in First Trust Active Factor Mid Cap ETF by 1.6% during the third quarter. Moors & Cabot Inc. now owns 24,543 shares of the company’s stock valued at $842,000 after purchasing an additional 382 shares during the period. Smith Moore & CO. boosted its holdings in First Trust Active Factor Mid Cap ETF by 2.4% in the second quarter. Smith Moore & CO. now owns 17,026 shares of the company’s stock worth $547,000 after purchasing an additional 405 shares during the last quarter. Finally, OxenFree Capital LLC boosted its holdings in First Trust Active Factor Mid Cap ETF by 4.2% in the third quarter. OxenFree Capital LLC now owns 11,773 shares of the company’s stock worth $403,000 after purchasing an additional 476 shares during the last quarter.

First Trust Active Factor Mid Cap ETF Company Profile

The First Trust Active Factor Mid Cap ETF (AFMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund is an actively managed portfolio of factor-focused US mid-cap companies seeking capital appreciation. AFMC was launched on Dec 3, 2019 and is managed by First Trust.