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

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 152 shares, an increase of 68.9% from the July 30th total of 90 shares. Based on an average trading volume of 1,716 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust SMID Growth Strength ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in First Trust SMID Growth Strength ETF during the fourth quarter worth about $73,000. Osaic Holdings Inc. purchased a new position in shares of First Trust SMID Growth Strength ETF during the second quarter valued at approximately $168,000. Western Wealth Management LLC boosted its stake in shares of First Trust SMID Growth Strength ETF by 8.3% in the 4th quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock worth $230,000 after buying an additional 577 shares during the last quarter. Citadel Advisors LLC boosted its position in First Trust SMID Growth Strength ETF by 7.2% in the third quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock worth $1,103,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in First Trust SMID Growth Strength ETF by 59.5% during the third quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock valued at $1,312,000 after buying an additional 15,668 shares during the last quarter.

First Trust SMID Growth Strength ETF Stock Down 1.2%

Shares of FSGS opened at $33.35 on Wednesday. The firm has a fifty day simple moving average of $32.76 and a two-hundred day simple moving average of $31.25. First Trust SMID Growth Strength ETF has a twelve month low of $28.35 and a twelve month high of $34.15. The stock has a market capitalization of $31.68 million, a P/E ratio of 18.32 and a beta of 0.96.

First Trust SMID Growth Strength ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.0102 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.04 annualized dividend and a yield of 0.1%.

About First Trust SMID Growth Strength ETF

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.