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

by · The Markets Daily

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG – Get Free Report) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 19,714 shares, a decline of 57.5% from the July 30th total of 46,411 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 79,028 shares, the days-to-cover ratio is currently 0.2 days.

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

Several large investors have recently made changes to their positions in the business. Tucker Asset Management LLC boosted its stake in shares of First Trust Active Factor Large Cap ETF by 48.7% in the second quarter. Tucker Asset Management LLC now owns 7,983 shares of the company’s stock worth $347,000 after acquiring an additional 2,616 shares during the period. Kirkwood Financial Services purchased a new position in First Trust Active Factor Large Cap ETF during the 2nd quarter valued at approximately $12,982,000. Asset Allocation Strategies LLC grew its holdings in shares of First Trust Active Factor Large Cap ETF by 91.4% in the second quarter. Asset Allocation Strategies LLC now owns 20,066 shares of the company’s stock valued at $871,000 after purchasing an additional 9,584 shares in the last quarter. NI Acquisitions Company LLC bought a new stake in shares of First Trust Active Factor Large Cap ETF in the 2nd quarter worth about $4,819,000. Finally, Concurrent Investment Advisors LLC increased its stake in First Trust Active Factor Large Cap ETF by 0.5% during the second quarter. Concurrent Investment Advisors LLC now owns 91,423 shares of the company’s stock worth $3,970,000 after acquiring an additional 428 shares during the last quarter.

First Trust Active Factor Large Cap ETF Price Performance

Shares of NYSEARCA AFLG opened at $44.83 on Monday. First Trust Active Factor Large Cap ETF has a 1 year low of $37.17 and a 1 year high of $45.42. The firm has a fifty day moving average price of $44.02 and a 200-day moving average price of $42.26. The stock has a market cap of $728.49 million, a PE ratio of 20.95 and a beta of 0.95.

About First Trust Active Factor Large Cap ETF

(Get Free Report)

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.

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