First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Shares Shorted: Short Interest Down 51.2% in September

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 3,780 shares, a drop of 51.2% from the September 15th total of 7,740 shares. Based on an average daily volume of 79,864 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Stenger Family Office LLC bought a new position in First Trust Active Factor Large Cap ETF in the 1st quarter valued at about $16,238,000. Kirkwood Financial Services acquired a new stake in First Trust Active Factor Large Cap ETF during the second quarter worth approximately $12,982,000. Envestnet Asset Management Inc. lifted its position in First Trust Active Factor Large Cap ETF by 19.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,350,946 shares of the company’s stock worth $58,658,000 after acquiring an additional 222,927 shares during the last quarter. Gateway Wealth Partners LLC boosted its holdings in shares of First Trust Active Factor Large Cap ETF by 183.3% during the first quarter. Gateway Wealth Partners LLC now owns 178,001 shares of the company’s stock worth $6,866,000 after acquiring an additional 115,179 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of First Trust Active Factor Large Cap ETF by 33.9% during the first quarter. Assetmark Inc. now owns 411,708 shares of the company’s stock worth $15,882,000 after acquiring an additional 104,214 shares during the period.

First Trust Active Factor Large Cap ETF Price Performance

NYSEARCA AFLG traded down $0.55 during trading on Wednesday, reaching $44.85. 71,748 shares of the company’s stock were exchanged, compared to its average volume of 79,568. The business has a 50 day moving average price of $44.79 and a 200-day moving average price of $43.35. The stock has a market capitalization of $796.09 million, a P/E ratio of 20.95 and a beta of 0.95. First Trust Active Factor Large Cap ETF has a fifty-two week low of $37.40 and a fifty-two week high of $45.42.

First Trust Active Factor Large Cap ETF Company Profile

The First Trust Active Factor Large Cap ETF (AFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of factor-focused US large-cap companies seeking capital appreciation. AFLG was launched on Dec 3, 2019 and is managed by First Trust.