Short Interest in First Trust Growth Strength ETF (NASDAQ:FTGS) Rises By 219.4%

First Trust Growth Strength ETF (NASDAQ:FTGS) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 79,231 shares, an increase of 219.4% from the May 14th total of 24,809 shares. Based on an average trading volume of 80,090 shares, the short-interest ratio is presently 1.0 days. Currently, 0.2% of the company’s shares are short sold.

First Trust Growth Strength ETF Stock Up 0.5%

NASDAQ FTGS opened at $37.04 on Friday. First Trust Growth Strength ETF has a 52 week low of $32.41 and a 52 week high of $37.92. The business’s fifty day simple moving average is $36.27 and its 200-day simple moving average is $35.74. The firm has a market cap of $1.26 billion, a PE ratio of 23.90 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Petix & Botte Co raised its holdings in shares of First Trust Growth Strength ETF by 4.6% during the 3rd quarter. Petix & Botte Co now owns 8,626 shares of the company’s stock worth $310,000 after acquiring an additional 376 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of First Trust Growth Strength ETF by 58.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock worth $37,000 after acquiring an additional 385 shares during the period. Lake Street Private Wealth LLC raised its holdings in shares of First Trust Growth Strength ETF by 7.2% during the 4th quarter. Lake Street Private Wealth LLC now owns 6,271 shares of the company’s stock worth $222,000 after acquiring an additional 420 shares during the period. WPG Advisers LLC raised its holdings in shares of First Trust Growth Strength ETF by 3.4% during the 4th quarter. WPG Advisers LLC now owns 14,467 shares of the company’s stock worth $511,000 after acquiring an additional 469 shares during the period. Finally, Smith Moore & CO. increased its position in shares of First Trust Growth Strength ETF by 6.2% during the 3rd quarter. Smith Moore & CO. now owns 8,103 shares of the company’s stock worth $291,000 after purchasing an additional 476 shares during the last quarter.

First Trust Growth Strength ETF Company Profile

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities. FTGS was launched on Oct 25, 2022 and is managed by First Trust.