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

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 3,780 shares, a decrease of 51.2% from the September 15th total of 7,740 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 79,864 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of First Trust Active Factor Large Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SLT Holdings LLC raised its position in shares of First Trust Active Factor Large Cap ETF by 6.0% during the 3rd quarter. SLT Holdings LLC now owns 17,049 shares of the company’s stock valued at $753,000 after acquiring an additional 961 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in First Trust Active Factor Large Cap ETF by 36.5% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 7,179 shares of the company’s stock worth $317,000 after buying an additional 1,921 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in First Trust Active Factor Large Cap ETF during the third quarter worth about $114,000. Boyce & Associates Wealth Consulting Inc. boosted its holdings in First Trust Active Factor Large Cap ETF by 10.1% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 94,244 shares of the company’s stock worth $4,161,000 after buying an additional 8,680 shares during the last quarter. Finally, First Heartland Consultants Inc. acquired a new position in shares of First Trust Active Factor Large Cap ETF during the 3rd quarter worth about $282,000.

First Trust Active Factor Large Cap ETF Stock Performance

Shares of NYSEARCA AFLG traded down $0.46 during mid-day trading on Friday, hitting $44.72. 93,936 shares of the stock were exchanged, compared to its average volume of 79,768. First Trust Active Factor Large Cap ETF has a twelve month low of $37.40 and a twelve month high of $45.42. The stock’s fifty day simple moving average is $44.80 and its two-hundred day simple moving average is $43.45. The company has a market cap of $791.54 million, a P/E 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.