First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Sees Large Decline in Short Interest

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 5,595 shares, a decrease of 44.3% from the August 31st total of 10,040 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 14,232 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Active Factor Small Cap ETF Stock Performance

Shares of NYSEARCA:AFSM traded up $0.39 during midday trading on Thursday, hitting $39.58. The company’s stock had a trading volume of 5,110 shares, compared to its average volume of 17,153. First Trust Active Factor Small Cap ETF has a 12-month low of $30.74 and a 12-month high of $41.63. The business’s 50 day simple moving average is $40.24 and its 200 day simple moving average is $38.23. The company has a market cap of $128.63 million, a P/E ratio of 13.11 and a beta of 1.04.

Hedge Funds Weigh In On First Trust Active Factor Small Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. World Equity Group Inc. increased its stake in 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 acquiring an additional 581 shares during the last quarter. Ethos Financial Group LLC increased its holdings in shares of 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 position in First Trust Active Factor Small Cap ETF by 4.6% during the first quarter. Kestra Advisory Services LLC now owns 28,109 shares of the company’s stock worth $924,000 after buying an additional 1,246 shares during the last quarter. RFG Advisory LLC bought a new stake in First Trust Active Factor Small Cap ETF in the 1st quarter valued at $226,000. Finally, James J. Burns & Company LLC raised its holdings in shares of First Trust Active Factor Small Cap ETF by 4.8% in the 1st quarter. James J. Burns & Company LLC now owns 551,235 shares of the company’s stock worth $18,114,000 after buying an additional 25,406 shares in the last quarter.

About First Trust Active Factor Small Cap ETF

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.