AFMC Stock Summary and Trading Ideas (First Trust Active Factor Mid Cap ETF | ARCA:AFMC)

The First Trust Active Factor Mid Cap ETF seeks to provide capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The Fund is actively managed primarily relying on a multi-factor quantitative methodology with active risk management to construct a portfolio of securities exhibiting exposures to one or more investing factors. The multi-factor quantitative methodology currently used by the Fund may take into account the following factors: (i) value; (ii) momentum; (iii) quality; and (iv) low volatility.

First Trust Active Factor Mid Cap ETF trades on the ARCA stock market under the symbol AFMC.

As of July 26, 2024, AFMC stock price was flat at $30.63 with 190 million shares trading.

AFMC has a beta of 0.95, meaning it tends to be less sensitive to market movements. AFMC has a correlation of 0.48 to the broad based SPY ETF.

AFMC has a market cap of $29.09 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, AFMC stock traded as high as $31.28 and as low as $20.00.

AFMC has underperformed the market in the last year with a return of +20.4%, while the SPY ETF gained +21.0%. In the last 3 month period, AFMC fell short of the market, returning +7.3%, while SPY returned +8.5%. However, in the most recent 2 weeks AFMC has outperformed the stock market by returning +2.3%, while SPY returned -2.2%.

AFMC support price is $30.27 and resistance is $30.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AFMC stock will trade within this expected range on the day.