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

The First Trust Active Factor Small 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 small 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 Small Cap ETF trades on the ARCA stock market under the symbol AFSM.

As of September 29, 2023, AFSM stock price was flat at $24.30 with 2 million shares trading.

AFSM has a market cap of $3.64 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, AFSM stock traded as high as $29.07 and as low as $17.91.

AFSM stock has underperformed the market in the last year with a return of +15.6%, while SPY returned +17.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AFSM shares. However, AFSM has outperformed the market in the last 3 month and 2 week periods, returning -0.1% and -2.0%, while SPY returned -1.6% and -4.3%, respectively. This indicates AFSM has been having a stronger performance recently.

AFSM support price is $24.06 and resistance is $24.53 (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 AFSM stock will trade within this expected range on the day.