First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Short Interest Update

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 5,300 shares, a growth of 51.4% from the May 15th total of 3,500 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 10,200 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of First Trust Active Factor Small Cap ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in First Trust Active Factor Small Cap ETF by 12.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 248,780 shares of the company’s stock valued at $6,953,000 after acquiring an additional 28,116 shares in the last quarter. Truist Financial Corp bought a new position in shares of First Trust Active Factor Small Cap ETF during the 4th quarter valued at $6,611,000. Federation des caisses Desjardins du Quebec lifted its holdings in shares of First Trust Active Factor Small Cap ETF by 4.4% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 117,177 shares of the company’s stock valued at $3,275,000 after buying an additional 4,990 shares during the period. Cary Street Partners Financial LLC bought a new position in shares of First Trust Active Factor Small Cap ETF during the 4th quarter valued at $1,863,000. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Active Factor Small Cap ETF by 6.2% during the 1st quarter. Cetera Investment Advisers now owns 60,079 shares of the company’s stock valued at $1,679,000 after buying an additional 3,505 shares during the period.

First Trust Active Factor Small Cap ETF Stock Down 0.9%

First Trust Active Factor Small Cap ETF stock opened at $29.01 on Wednesday. The company has a market capitalization of $33.36 million, a P/E ratio of 14.35 and a beta of 1.04. The stock’s 50 day moving average is $28.29 and its 200 day moving average is $29.22. First Trust Active Factor Small Cap ETF has a twelve month low of $24.42 and a twelve month high of $33.51.

First Trust Active Factor Small Cap ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.0531 dividend. The ex-dividend date was Thursday, March 27th.

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.