First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Sees Significant Decrease in Short Interest

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 7,350 shares, a decline of 75.5% from the January 29th total of 29,990 shares. Based on an average trading volume of 20,832 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 20,832 shares, the days-to-cover ratio is currently 0.4 days.

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

A number of large investors have recently modified their holdings of AFSM. Arkadios Wealth Advisors bought a new position in First Trust Active Factor Small Cap ETF in the fourth quarter valued at about $206,000. Wedbush Securities Inc. acquired a new position in First Trust Active Factor Small Cap ETF during the 4th quarter worth approximately $230,000. FSB Premier Wealth Management Inc. bought a new position in First Trust Active Factor Small Cap ETF in the 3rd quarter valued at approximately $267,000. Kestra Private Wealth Services LLC boosted its position in First Trust Active Factor Small Cap ETF by 14.9% in the third quarter. Kestra Private Wealth Services LLC now owns 9,136 shares of the company’s stock valued at $299,000 after buying an additional 1,184 shares in the last quarter. Finally, Smith Moore & CO. grew its stake in shares of First Trust Active Factor Small Cap ETF by 7.7% during the third quarter. Smith Moore & CO. now owns 9,417 shares of the company’s stock worth $308,000 after buying an additional 672 shares during the last quarter.

First Trust Active Factor Small Cap ETF Trading Up 0.2%

NYSEARCA AFSM traded up $0.08 during midday trading on Thursday, hitting $35.11. The company had a trading volume of 12,773 shares, compared to its average volume of 19,628. The firm has a 50-day moving average price of $34.26 and a 200-day moving average price of $33.03. The company has a market capitalization of $79.00 million, a PE ratio of 13.11 and a beta of 1.04. First Trust Active Factor Small Cap ETF has a twelve month low of $24.42 and a twelve month high of $35.32.

First Trust Active Factor Small Cap ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.0622 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, December 12th. This is a boost from First Trust Active Factor Small Cap ETF’s previous quarterly dividend of $0.02.

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.