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 April 24, 2024, AFSM stock price declined to $28.03 with 400 million shares trading.

AFSM has a market cap of $9.81 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, AFSM stock traded as high as $30.59 and as low as $20.54.

AFSM has underperformed the market in the last year with a return of +21.6%, while the SPY ETF gained +24.2%. In the last 3 month period, AFSM fell short of the market, returning +3.7%, while SPY returned +4.6%. However, in the most recent 2 weeks AFSM has outperformed the stock market by returning -1.9%, while SPY returned -2.7%.

AFSM support price is $27.73 and resistance is $28.37 (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.