First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Large Growth in Short Interest

First Trust Growth Strength ETF (NASDAQ:FTGS) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 40,600 shares, an increase of 283.0% from the August 15th total of 10,600 shares. Based on an average trading volume of 198,900 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Concourse Financial Group Securities Inc. acquired a new stake in shares of First Trust Growth Strength ETF in the 4th quarter worth approximately $167,000. Cambridge Investment Research Advisors Inc. boosted its stake in First Trust Growth Strength ETF by 15.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 113,015 shares of the company’s stock valued at $3,077,000 after purchasing an additional 15,045 shares in the last quarter. Park National Corp OH increased its position in shares of First Trust Growth Strength ETF by 1.0% during the 1st quarter. Park National Corp OH now owns 293,910 shares of the company’s stock valued at $9,026,000 after purchasing an additional 2,895 shares during the period. International Assets Investment Management LLC bought a new stake in shares of First Trust Growth Strength ETF in the 1st quarter worth $264,000. Finally, RiverTree Advisors LLC lifted its holdings in shares of First Trust Growth Strength ETF by 2.1% in the first quarter. RiverTree Advisors LLC now owns 296,005 shares of the company’s stock valued at $9,090,000 after buying an additional 6,162 shares during the period.

First Trust Growth Strength ETF Stock Up 0.7 %

First Trust Growth Strength ETF stock traded up $0.21 during mid-day trading on Thursday, hitting $30.37. 128,441 shares of the company’s stock traded hands, compared to its average volume of 163,484. First Trust Growth Strength ETF has a one year low of $22.69 and a one year high of $31.80. The firm has a 50 day moving average price of $30.45 and a 200 day moving average price of $30.18. The company has a market cap of $564.88 million, a PE ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a dividend of $0.0135 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date was Thursday, June 27th.

First Trust Growth Strength ETF Company Profile

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities.