First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Short Interest Down 45.6% in February

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 28,522 shares, a decrease of 45.6% from the January 29th total of 52,452 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average trading volume of 25,068 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 25,068 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.2% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust New Constructs Core Earnings Leaders ETF

Several hedge funds have recently modified their holdings of the stock. Thoroughbred Financial Services LLC purchased a new stake in shares of First Trust New Constructs Core Earnings Leaders ETF in the fourth quarter worth about $767,000. Harbour Investments Inc. purchased a new stake in shares of First Trust New Constructs Core Earnings Leaders ETF during the 4th quarter worth approximately $337,000. Luken Investment Analytics LLC boosted its position in shares of First Trust New Constructs Core Earnings Leaders ETF by 34.9% during the 4th quarter. Luken Investment Analytics LLC now owns 25,170 shares of the company’s stock valued at $627,000 after acquiring an additional 6,510 shares during the last quarter. Finally, Accurate Wealth Management LLC grew its holdings in shares of First Trust New Constructs Core Earnings Leaders ETF by 109.5% in the fourth quarter. Accurate Wealth Management LLC now owns 25,645 shares of the company’s stock valued at $654,000 after purchasing an additional 13,403 shares in the last quarter.

First Trust New Constructs Core Earnings Leaders ETF Stock Down 0.3%

Shares of First Trust New Constructs Core Earnings Leaders ETF stock traded down $0.08 during trading hours on Friday, reaching $24.89. 4,842 shares of the stock traded hands, compared to its average volume of 16,547. The company has a 50 day moving average price of $25.17 and a 200 day moving average price of $24.48. First Trust New Constructs Core Earnings Leaders ETF has a one year low of $17.26 and a one year high of $25.89. The firm has a market capitalization of $58.49 million, a price-to-earnings ratio of 23.72 and a beta of 1.12.

About First Trust New Constructs Core Earnings Leaders ETF

The First Trust New Constructs Core Earnings Leaders ETF (FTCE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of companies with high earnings quality, as selected and measured using the Earnings Capture metric. The fund holds 100 securities, representing the top companies within each Bloomberg sector classification. FTCE was launched on Oct 2, 2024 and is issued by First Trust.