First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) Short Interest Up 70.7% in December

First Trust Active Factor Mid Cap ETF (NYSEARCA:AFMC) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 9,202 shares, a growth of 70.7% from the November 30th total of 5,390 shares. Based on an average daily volume of 9,220 shares, the short-interest ratio is currently 1.0 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 daily volume of 9,220 shares, the short-interest ratio is currently 1.0 days.

First Trust Active Factor Mid Cap ETF Stock Down 0.2%

AFMC traded down $0.07 during midday trading on Tuesday, reaching $34.97. The company had a trading volume of 229 shares, compared to its average volume of 21,719. The company has a market cap of $94.42 million, a P/E ratio of 13.94 and a beta of 1.05. First Trust Active Factor Mid Cap ETF has a 1 year low of $26.73 and a 1 year high of $35.53. The business has a 50-day moving average of $34.17 and a two-hundred day moving average of $33.45.

First Trust Active Factor Mid Cap ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a dividend of $0.1568 per share. This is a positive change from First Trust Active Factor Mid Cap ETF’s previous quarterly dividend of $0.02. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, December 12th.

Hedge Funds Weigh In On First Trust Active Factor Mid Cap ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers raised its position in First Trust Active Factor Mid Cap ETF by 18.1% during the second quarter. Cetera Investment Advisers now owns 177,790 shares of the company’s stock valued at $5,712,000 after acquiring an additional 27,195 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of First Trust Active Factor Mid Cap ETF during the 1st quarter valued at about $117,000. Prosperity Financial Group Inc. grew its stake in shares of First Trust Active Factor Mid Cap ETF by 6.8% in the 2nd quarter. Prosperity Financial Group Inc. now owns 27,000 shares of the company’s stock valued at $867,000 after buying an additional 1,722 shares during the period. Prospera Financial Services Inc purchased a new stake in First Trust Active Factor Mid Cap ETF in the second quarter valued at $308,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of First Trust Active Factor Mid Cap ETF in the 2nd quarter worth approximately $454,000.

About First Trust Active Factor Mid Cap ETF

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.