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

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 31,900 shares, a drop of 36.8% from the July 31st total of 50,500 shares. Based on an average daily volume of 323,800 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Capital Strength ETF Stock Up 0.4 %

First Trust Capital Strength ETF stock traded up $0.40 during midday trading on Thursday, hitting $90.25. 48,502 shares of the stock were exchanged, compared to its average volume of 328,105. The company has a fifty day simple moving average of $86.04 and a two-hundred day simple moving average of $84.46. First Trust Capital Strength ETF has a 52 week low of $71.11 and a 52 week high of $90.27. The stock has a market capitalization of $9.08 billion, a PE ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a dividend of $0.2843 per share. This represents a $1.14 annualized dividend and a yield of 1.26%. The ex-dividend date was Thursday, June 27th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Davis Capital Management bought a new position in First Trust Capital Strength ETF during the 2nd quarter worth approximately $25,000. Asset Dedication LLC bought a new position in First Trust Capital Strength ETF in the second quarter valued at approximately $31,000. EverSource Wealth Advisors LLC bought a new position in First Trust Capital Strength ETF in the second quarter valued at approximately $32,000. Headlands Technologies LLC bought a new position in First Trust Capital Strength ETF in the first quarter valued at approximately $33,000. Finally, Mather Group LLC. acquired a new stake in shares of First Trust Capital Strength ETF in the first quarter valued at approximately $34,000.

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).