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

by · The Markets Daily

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM – Get Free Report) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 10,565 shares, a decline of 54.6% from the December 31st total of 23,272 shares. Based on an average daily trading volume, of 20,714 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 20,714 shares, the short-interest ratio is currently 0.5 days.

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. Creative Financial Designs Inc. ADV lifted its stake in First Trust Active Factor Small Cap ETF by 3.2% during the second quarter. Creative Financial Designs Inc. ADV now owns 17,017 shares of the company’s stock worth $508,000 after purchasing an additional 535 shares during the last quarter. Snowden Capital Advisors LLC lifted its position in First Trust Active Factor Small Cap ETF by 2.0% in the second quarter. Snowden Capital Advisors LLC now owns 33,009 shares of the company’s stock worth $986,000 after purchasing an additional 648 shares during the period. Smith Moore & CO. boosted its holdings 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 purchasing an additional 672 shares during the period. Kestra Private Wealth Services LLC increased its position in First Trust Active Factor Small Cap ETF by 14.9% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 9,136 shares of the company’s stock worth $299,000 after buying an additional 1,184 shares during the period. Finally, Moors & Cabot Inc. grew its holdings in shares of First Trust Active Factor Small Cap ETF by 9.4% in the 2nd quarter. Moors & Cabot Inc. now owns 15,232 shares of the company’s stock worth $455,000 after purchasing an additional 1,309 shares during the last quarter.

First Trust Active Factor Small Cap ETF Stock Down 0.9%

Shares of AFSM stock traded down $0.33 on Friday, reaching $34.30. The company had a trading volume of 11,716 shares, compared to its average volume of 20,347. The stock has a market capitalization of $75.47 million, a PE ratio of 13.11 and a beta of 1.04. The business’s 50-day moving average is $33.61 and its 200 day moving average is $32.41. First Trust Active Factor Small Cap ETF has a one year low of $24.42 and a one year high of $35.32.

First Trust Active Factor Small Cap ETF Increases Dividend

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

First Trust Active Factor Small Cap ETF Company Profile

(Get Free Report)

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.

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