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

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 16,159 shares, a decline of 60.2% from the May 14th total of 40,633 shares. Based on an average trading volume of 640,630 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

First Trust Capital Strength ETF Price Performance

Shares of FTCS traded up $0.37 during mid-day trading on Friday, reaching $94.53. 592,152 shares of the company’s stock traded hands, compared to its average volume of 599,297. The stock has a market cap of $7.92 billion, a P/E ratio of 21.51 and a beta of 0.71. The stock’s 50-day moving average is $93.43 and its two-hundred day moving average is $94.39. First Trust Capital Strength ETF has a 12 month low of $88.70 and a 12 month high of $99.74.

First Trust Capital Strength ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.2873 dividend. This represents a $1.15 annualized dividend and a yield of 1.2%. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FTCS. AQR Capital Management LLC grew its stake in First Trust Capital Strength ETF by 93.9% in the first quarter. AQR Capital Management LLC now owns 5,690 shares of the company’s stock worth $510,000 after purchasing an additional 2,755 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in First Trust Capital Strength ETF by 492.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares during the period. First Trust Advisors LP grew its position in First Trust Capital Strength ETF by 43.3% during the 2nd quarter. First Trust Advisors LP now owns 16,738 shares of the company’s stock worth $1,521,000 after purchasing an additional 5,054 shares during the period. Qube Research & Technologies Ltd grew its position in shares of First Trust Capital Strength ETF by 491.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 68,187 shares of the company’s stock valued at $6,198,000 after acquiring an additional 56,664 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in shares of First Trust Capital Strength ETF during the 2nd quarter valued at about $511,000.

About First Trust Capital Strength ETF

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.