First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Stock Short Interest Jumps 211.0%

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 32,691 shares, an increase of 211.0% from the October 15th total of 10,512 shares. Based on an average daily trading volume, of 353,005 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of First Trust Active Factor Large Cap ETF

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC boosted its position in First Trust Active Factor Large Cap ETF by 226.6% in the first quarter. International Assets Investment Management LLC now owns 650 shares of the company’s stock worth $25,000 after purchasing an additional 451 shares during the last quarter. Royal Bank of Canada increased its position in shares of First Trust Active Factor Large Cap ETF by 192.5% during the 1st quarter. Royal Bank of Canada now owns 699 shares of the company’s stock valued at $27,000 after purchasing an additional 460 shares during the last quarter. Silver Grove Financial Group Inc. increased its position in shares of First Trust Active Factor Large Cap ETF by 60.4% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 704 shares of the company’s stock valued at $31,000 after purchasing an additional 265 shares during the last quarter. Signature Equity Partners LLC raised its stake in shares of First Trust Active Factor Large Cap ETF by 39.3% during the 1st quarter. Signature Equity Partners LLC now owns 1,181 shares of the company’s stock worth $46,000 after purchasing an additional 333 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of First Trust Active Factor Large Cap ETF during the 3rd quarter worth $114,000.

First Trust Active Factor Large Cap ETF Price Performance

Shares of NYSEARCA AFLG traded down $0.17 during midday trading on Thursday, reaching $44.04. The company’s stock had a trading volume of 92,865 shares, compared to its average volume of 95,607. The stock has a market capitalization of $931.45 million, a P/E ratio of 18.02 and a beta of 0.95. The firm has a 50 day moving average price of $44.61 and a 200-day moving average price of $42.77. First Trust Active Factor Large Cap ETF has a 12-month low of $37.40 and a 12-month high of $45.42.

About First Trust Active Factor Large Cap ETF

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.