Short Interest in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Grows By 130.6%

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 22,244 shares, an increase of 130.6% from the December 31st total of 9,646 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily volume of 17,026 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 17,026 shares, the short-interest ratio is currently 1.3 days. Currently, 1.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FSCS. CWM LLC acquired a new position in First Trust SMID Capital Strength ETF in the 3rd quarter worth approximately $30,000. Equitable Holdings Inc. purchased a new position in shares of First Trust SMID Capital Strength ETF during the 3rd quarter valued at approximately $274,000. Envestnet Asset Management Inc. grew its position in shares of First Trust SMID Capital Strength ETF by 7.1% in the third quarter. Envestnet Asset Management Inc. now owns 8,257 shares of the company’s stock valued at $303,000 after purchasing an additional 550 shares during the period. PFG Investments LLC acquired a new stake in First Trust SMID Capital Strength ETF in the 4th quarter worth about $369,000. Finally, Two Sigma Investments LP increased its position in shares of First Trust SMID Capital Strength ETF by 20.8% during the third quarter. Two Sigma Investments LP now owns 12,200 shares of the company’s stock worth $448,000 after purchasing an additional 2,100 shares in the last quarter.

First Trust SMID Capital Strength ETF Stock Up 0.2%

NASDAQ:FSCS traded up $0.08 during midday trading on Friday, hitting $36.76. The stock had a trading volume of 4,996 shares, compared to its average volume of 12,610. First Trust SMID Capital Strength ETF has a one year low of $30.22 and a one year high of $37.66. The stock has a 50-day moving average of $36.32 and a 200 day moving average of $36.25. The company has a market capitalization of $60.65 million, a price-to-earnings ratio of 16.57 and a beta of 1.03.

First Trust SMID Capital Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.1035 dividend. This represents a $0.41 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.05.

First Trust SMID Capital Strength ETF Company Profile

The First Trust SMID Capital Strength ETF (FSCS) is an exchange-traded fund that is based on the The SMID Capital Strength index. The fund tracks an equal-weighted index of 100 well-capitalized small- and mid-cap US companies perceived to hold strong market positions. FSCS was launched on Jun 20, 2017 and is issued by First Trust.