First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Update

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 10,914 shares, a drop of 81.0% from the January 29th total of 57,519 shares. Based on an average trading volume of 47,316 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 47,316 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Active Factor Mid Cap ETF

A number of institutional investors and hedge funds have recently made changes to their positions in AFMC. Advisory Services Network LLC acquired a new position in First Trust Active Factor Mid Cap ETF during the 3rd quarter valued at about $30,000. Founders Financial Alliance LLC purchased a new stake in shares of First Trust Active Factor Mid Cap ETF in the third quarter worth approximately $41,000. International Assets Investment Management LLC bought a new position in shares of First Trust Active Factor Mid Cap ETF in the fourth quarter valued at approximately $49,000. Royal Bank of Canada purchased a new position in shares of First Trust Active Factor Mid Cap ETF during the fourth quarter valued at approximately $52,000. Finally, Geneos Wealth Management Inc. grew its holdings in First Trust Active Factor Mid Cap ETF by 21.2% during the second quarter. Geneos Wealth Management Inc. now owns 4,650 shares of the company’s stock worth $149,000 after buying an additional 813 shares in the last quarter.

First Trust Active Factor Mid Cap ETF Trading Up 0.3%

Shares of AFMC traded up $0.11 during trading hours on Wednesday, reaching $37.52. The stock had a trading volume of 39,447 shares, compared to its average volume of 35,790. First Trust Active Factor Mid Cap ETF has a 12 month low of $26.73 and a 12 month high of $37.94. The firm has a 50-day simple moving average of $36.17 and a 200 day simple moving average of $34.67. The company has a market capitalization of $116.31 million, a price-to-earnings ratio of 13.94 and a beta of 1.05.

First Trust Active Factor Mid Cap ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.1568 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from First Trust Active Factor Mid Cap ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Friday, December 12th.

First Trust Active Factor Mid Cap ETF Company Profile

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.