First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Shares Shorted: Short Interest Up 197.7% in October

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 3,269 shares, a growth of 197.7% from the October 15th total of 1,098 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 15,387 shares, the short-interest ratio is presently 0.2 days.

First Trust Active Factor Small Cap ETF Stock Performance

Shares of AFSM stock traded down $0.06 during trading hours on Friday, reaching $39.08. The company had a trading volume of 23,963 shares, compared to its average volume of 19,582. The business has a fifty day moving average price of $39.61 and a 200-day moving average price of $37.84. First Trust Active Factor Small Cap ETF has a one year low of $30.74 and a one year high of $41.63. The firm has a market cap of $132.87 million, a PE ratio of 11.88 and a beta of 1.04.

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

A number of institutional investors and hedge funds have recently modified their holdings of AFSM. Smith Moore & CO. purchased a new position in shares of First Trust Active Factor Small Cap ETF during the 3rd quarter worth $558,000. Harbour Investments Inc. purchased a new position in First Trust Active Factor Small Cap ETF during the third quarter valued at $38,000. IFG Advisory LLC grew its holdings in First Trust Active Factor Small Cap ETF by 3.0% during the third quarter. IFG Advisory LLC now owns 59,668 shares of the company’s stock valued at $2,338,000 after purchasing an additional 1,735 shares during the period. Moors & Cabot Inc. bought a new stake in First Trust Active Factor Small Cap ETF during the third quarter valued at about $784,000. Finally, Kestra Advisory Services LLC increased its position in First Trust Active Factor Small Cap ETF by 2.4% in the third quarter. Kestra Advisory Services LLC now owns 76,869 shares of the company’s stock worth $3,012,000 after buying an additional 1,836 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.