First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Significant Drop in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 50,500 shares, a decline of 10.1% from the July 15th total of 56,200 shares. Based on an average daily volume of 332,900 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Capital Strength ETF

Several hedge funds have recently added to or reduced their stakes in the company. Davis Capital Management purchased a new position in First Trust Capital Strength ETF during the 2nd quarter valued at $25,000. Asset Dedication LLC bought a new stake in shares of First Trust Capital Strength ETF during the second quarter worth $31,000. EverSource Wealth Advisors LLC bought a new stake in shares of First Trust Capital Strength ETF during the second quarter worth $32,000. Headlands Technologies LLC purchased a new stake in shares of First Trust Capital Strength ETF during the first quarter valued at $33,000. Finally, Mather Group LLC. bought a new position in shares of First Trust Capital Strength ETF in the first quarter worth about $34,000.

First Trust Capital Strength ETF Stock Performance

NASDAQ FTCS traded down $0.14 on Tuesday, hitting $88.20. 42,922 shares of the stock were exchanged, compared to its average volume of 333,597. First Trust Capital Strength ETF has a 52-week low of $71.11 and a 52-week high of $88.39. The firm has a market capitalization of $8.88 billion, a P/E ratio of 21.52 and a beta of 0.86. The stock has a fifty day moving average price of $85.35 and a two-hundred day moving average price of $84.11.

First Trust Capital Strength ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a dividend of $0.2843 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.29%.

First Trust Capital Strength ETF Company Profile

First Trust Capital Strength ETF, formerly First Trust Strategic Value Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Credit Suisse U.S. Value Index, Powered by HOLT (the Index). The Index is developed, maintained and sponsored by Credit Suisse Securities (USA) LLC and Credit Suisse Group AG (collectively, the Index Provider).