First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) Short Interest Up 75.3% in May

First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 29,800 shares, a growth of 75.3% from the May 15th total of 17,000 shares. Based on an average trading volume of 99,900 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the company’s stock are sold short.

First Trust Active Factor Large Cap ETF Price Performance

NYSEARCA:AFLG opened at $35.46 on Tuesday. First Trust Active Factor Large Cap ETF has a 12 month low of $29.11 and a 12 month high of $36.53. The firm has a market capitalization of $301.41 million, a PE ratio of 21.50 and a beta of 0.96. The business’s fifty day moving average price is $33.94 and its 200 day moving average price is $34.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rossby Financial LCC acquired a new position in First Trust Active Factor Large Cap ETF in the first quarter valued at approximately $30,000. Synergy Investment Management LLC acquired a new stake in First Trust Active Factor Large Cap ETF during the first quarter worth approximately $118,000. Principal Securities Inc. purchased a new stake in shares of First Trust Active Factor Large Cap ETF during the 4th quarter worth approximately $153,000. Founders Financial Alliance LLC acquired a new position in shares of First Trust Active Factor Large Cap ETF in the 1st quarter valued at $198,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of First Trust Active Factor Large Cap ETF by 84.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,116 shares of the company’s stock valued at $211,000 after buying an additional 2,798 shares in the last quarter.

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.