First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) Short Interest Down 37.2% in June

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 840 shares, a decrease of 37.2% from the June 15th total of 1,337 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average trading volume of 75 shares, the short-interest ratio is currently 11.2 days.

Hedge Funds Weigh In On First Trust S&P 500 Diversified Free Cash Flow ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new stake in First Trust S&P 500 Diversified Free Cash Flow ETF during the 4th quarter valued at $26,000. Triumph Capital Management acquired a new position in shares of First Trust S&P 500 Diversified Free Cash Flow ETF during the third quarter valued at $40,000. Finally, Citadel Advisors LLC increased its holdings in shares of First Trust S&P 500 Diversified Free Cash Flow ETF by 18.2% during the third quarter. Citadel Advisors LLC now owns 25,525 shares of the company’s stock valued at $686,000 after purchasing an additional 3,926 shares during the period.

First Trust S&P 500 Diversified Free Cash Flow ETF Stock Performance

First Trust S&P 500 Diversified Free Cash Flow ETF stock opened at $28.07 on Friday. The firm has a 50 day moving average price of $27.55 and a 200 day moving average price of $26.98. First Trust S&P 500 Diversified Free Cash Flow ETF has a 1 year low of $24.81 and a 1 year high of $29.05. The company has a market cap of $1.40 million, a price-to-earnings ratio of 14.24 and a beta of 0.98.

About First Trust S&P 500 Diversified Free Cash Flow ETF

The First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is an exchange-traded fund that is based on the S&P 500 Sector-Neutral FCF index. The fund tracks an index composed of the largest U.S. companies that are perceived to have strong free cash flow yields in comparison to other firms within the same GICS sector FCFY was launched on Aug 23, 2023 and is issued by First Trust.