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

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 5,595 shares, a decline of 44.3% from the August 31st total of 10,040 shares. Based on an average daily trading volume, of 14,232 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

First Trust Active Factor Small Cap ETF Stock Down 0.7%

Shares of NYSEARCA AFSM traded down $0.28 during trading on Wednesday, reaching $39.25. 4,317 shares of the company traded hands, compared to its average volume of 17,212. The firm has a 50 day simple moving average of $40.26 and a 200-day simple moving average of $38.18. The stock has a market capitalization of $127.57 million, a PE ratio of 13.11 and a beta of 1.02. First Trust Active Factor Small Cap ETF has a 52-week low of $30.74 and a 52-week high of $41.63.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. World Equity Group Inc. boosted its holdings in First Trust Active Factor Small Cap ETF by 5.6% in the second quarter. World Equity Group Inc. now owns 10,873 shares of the company’s stock worth $447,000 after purchasing an additional 581 shares during the last quarter. Ethos Financial Group LLC lifted its holdings in shares of First Trust Active Factor Small Cap ETF by 10.2% during the 1st quarter. Ethos Financial Group LLC now owns 45,344 shares of the company’s stock valued at $1,490,000 after buying an additional 4,213 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of First Trust Active Factor Small Cap ETF by 4.6% during the 1st quarter. Kestra Advisory Services LLC now owns 28,109 shares of the company’s stock valued at $924,000 after buying an additional 1,246 shares during the period. RFG Advisory LLC purchased a new position in shares of First Trust Active Factor Small Cap ETF in the 1st quarter worth $226,000. Finally, James J. Burns & Company LLC boosted its stake in shares of First Trust Active Factor Small Cap ETF by 4.8% in the 1st quarter. James J. Burns & Company LLC now owns 551,235 shares of the company’s stock worth $18,114,000 after buying an additional 25,406 shares during the last quarter.

About First Trust Active Factor Small Cap ETF

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.