First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Short Interest Up 373.9% in December

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 23,272 shares, an increase of 373.9% from the December 15th total of 4,911 shares. Based on an average trading volume of 6,976 shares, the short-interest ratio is presently 3.3 days. Currently, 1.1% of the company’s stock are short sold. Currently, 1.1% of the company’s stock are short sold. Based on an average trading volume of 6,976 shares, the short-interest ratio is presently 3.3 days.

First Trust Active Factor Small Cap ETF Price Performance

AFSM opened at $34.22 on Thursday. The company has a market capitalization of $73.57 million, a PE ratio of 13.11 and a beta of 1.04. The business has a 50-day moving average of $32.98 and a 200-day moving average of $32.10. First Trust Active Factor Small Cap ETF has a fifty-two week low of $24.42 and a fifty-two week high of $34.31.

First Trust Active Factor Small Cap ETF Increases Dividend

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

Institutional Trading of First Trust Active Factor Small Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in First Trust Active Factor Small Cap ETF during the 2nd quarter worth $60,000. Geneos Wealth Management Inc. acquired a new position in First Trust Active Factor Small Cap ETF during the 1st quarter valued at $164,000. FSB Premier Wealth Management Inc. bought a new stake in First Trust Active Factor Small Cap ETF in the 3rd quarter valued at $267,000. Kestra Private Wealth Services LLC grew 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 purchasing an additional 1,184 shares during the last quarter. Finally, Smith Moore & CO. grew its position in First Trust Active Factor Small Cap ETF by 7.7% in the 3rd 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 last quarter.

First Trust Active Factor Small Cap ETF Company Profile

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.