First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Short Interest Up 76.6% in June

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 19,161 shares, an increase of 76.6% from the June 15th total of 10,847 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 20,643 shares, the short-interest ratio is presently 0.9 days.

First Trust Active Factor Small Cap ETF Price Performance

Shares of First Trust Active Factor Small Cap ETF stock opened at $39.99 on Friday. The business has a 50-day simple moving average of $38.90 and a 200 day simple moving average of $35.99. First Trust Active Factor Small Cap ETF has a one year low of $29.49 and a one year high of $41.28. The firm has a market capitalization of $111.97 million, a price-to-earnings ratio of 13.11 and a beta of 1.02.

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

Hedge funds have recently added to or reduced their stakes in the company. World Equity Group Inc. raised its position in shares of First Trust Active Factor Small Cap ETF by 5.6% during the second quarter. World Equity Group Inc. now owns 10,873 shares of the company’s stock worth $447,000 after purchasing an additional 581 shares during the period. Ethos Financial Group LLC grew its position in First Trust Active Factor Small Cap ETF by 10.2% in the 1st quarter. Ethos Financial Group LLC now owns 45,344 shares of the company’s stock valued at $1,490,000 after purchasing an additional 4,213 shares during the period. Kestra Advisory Services LLC increased its stake in First Trust Active Factor Small Cap ETF by 4.6% during the 1st quarter. Kestra Advisory Services LLC now owns 28,109 shares of the company’s stock valued at $924,000 after purchasing an additional 1,246 shares in the last quarter. RFG Advisory LLC bought a new stake in First Trust Active Factor Small Cap ETF during the 1st quarter valued at $226,000. Finally, James J. Burns & Company LLC increased its stake in First Trust Active Factor Small Cap ETF by 4.8% during the 1st quarter. James J. Burns & Company LLC now owns 551,235 shares of the company’s stock valued at $18,114,000 after purchasing an additional 25,406 shares in the last quarter.

First Trust Active Factor Small Cap ETF Company Profile

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.