First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Sees Significant Growth in Short Interest

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 13,295 shares, an increase of 44.5% from the December 15th total of 9,202 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 10,058 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 10,058 shares, the short-interest ratio is currently 1.3 days. Currently, 0.5% of the company’s stock are sold short.

First Trust Active Factor Mid Cap ETF Trading Down 0.5%

Shares of AFMC stock traded down $0.18 during trading on Friday, reaching $36.38. 11,283 shares of the company’s stock traded hands, compared to its average volume of 18,944. The firm’s 50-day moving average is $34.67 and its 200 day moving average is $33.81. The company has a market capitalization of $103.68 million, a P/E ratio of 13.94 and a beta of 1.05. First Trust Active Factor Mid Cap ETF has a 1 year low of $26.73 and a 1 year high of $36.65.

First Trust Active Factor Mid Cap ETF Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AFMC. Prospera Financial Services Inc lifted its holdings in shares of First Trust Active Factor Mid Cap ETF by 3.2% in the third quarter. Prospera Financial Services Inc now owns 9,899 shares of the company’s stock worth $340,000 after buying an additional 308 shares in the last quarter. PKS Advisory Services LLC lifted its stake in First Trust Active Factor Mid Cap ETF by 0.9% in the 3rd quarter. PKS Advisory Services LLC now owns 36,682 shares of the company’s stock worth $1,259,000 after purchasing an additional 345 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of First Trust Active Factor Mid Cap ETF by 1.6% in the third quarter. Moors & Cabot Inc. now owns 24,543 shares of the company’s stock worth $842,000 after purchasing an additional 382 shares during the period. Smith Moore & CO. raised its position in shares of 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 buying an additional 405 shares in the last quarter. Finally, OxenFree Capital LLC boosted its stake in First Trust Active Factor Mid Cap ETF by 4.2% during the third quarter. OxenFree Capital LLC now owns 11,773 shares of the company’s stock valued at $403,000 after buying an additional 476 shares during the period.

About First Trust Active Factor Mid Cap ETF

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.