First Trust Capital Strength ETF (NASDAQ:FTCS) Short Interest Up 470.7% in August

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 23,374 shares, an increase of 470.7% from the July 30th total of 4,096 shares. Based on an average daily volume of 353,035 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust Capital Strength ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP lifted its stake in shares of First Trust Capital Strength ETF by 1,226.4% in the 3rd quarter. Two Sigma Investments LP now owns 286,500 shares of the company’s stock worth $26,828,000 after purchasing an additional 264,900 shares during the period. Evelyn Partners Investment Management Europe Ltd purchased a new stake in First Trust Capital Strength ETF during the fourth quarter valued at approximately $16,633,000. Investors Research Corp bought a new position in First Trust Capital Strength ETF in the second quarter worth approximately $16,354,000. Bank Hapoalim BM bought a new position in First Trust Capital Strength ETF in the fourth quarter worth approximately $14,709,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Capital Strength ETF by 39.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock valued at $42,775,000 after acquiring an additional 131,322 shares during the period.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS stock traded up $0.19 on Friday, reaching $101.19. The stock had a trading volume of 61,117 shares, compared to its average volume of 559,775. First Trust Capital Strength ETF has a 1 year low of $89.76 and a 1 year high of $102.93. The stock has a market cap of $8.03 billion, a P/E ratio of 21.51 and a beta of 0.70. The company has a 50 day simple moving average of $97.98 and a 200 day simple moving average of $95.72.

First Trust Capital Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.2636 dividend. This represents a $1.05 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 25th.

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