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

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 164,055 shares, a growth of 200.5% from the September 30th total of 54,590 shares. Based on an average trading volume of 400,228 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Eastern Bank bought a new position in First Trust Capital Strength ETF in the second quarter valued at about $27,000. Mather Group LLC. bought a new position in First Trust Capital Strength ETF during the third quarter worth $30,000. Signature Equity Partners LLC bought a new position in First Trust Capital Strength ETF in the first quarter worth approximately $46,000. Main Street Group LTD purchased a new stake in shares of First Trust Capital Strength ETF in the first quarter worth approximately $46,000. Finally, CoreCap Advisors LLC boosted its position in First Trust Capital Strength ETF by 34.8% in the third quarter. CoreCap Advisors LLC now owns 546 shares of the company’s stock worth $51,000 after purchasing an additional 141 shares during the last quarter.

First Trust Capital Strength ETF Trading Up 0.2%

FTCS traded up $0.25 on Friday, hitting $102.27. 468,617 shares of the stock traded hands, compared to its average volume of 520,298. The business has a fifty day moving average price of $98.08 and a two-hundred day moving average price of $96.22. The firm has a market capitalization of $7.93 billion, a PE ratio of 21.51 and a beta of 0.70. First Trust Capital Strength ETF has a 52 week low of $89.76 and a 52 week high of $103.58.

First Trust Capital Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.3332 per share. The ex-dividend date was Thursday, September 24th. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636. This represents a $1.33 annualized dividend and a yield of 1.3%.

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.