First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Significant Decrease in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 4,096 shares, a decrease of 93.7% from the July 15th total of 64,633 shares. Based on an average daily volume of 562,165 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Capital Strength ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eastern Bank bought a new stake in shares of First Trust Capital Strength ETF in the 2nd quarter worth $27,000. Caitlin John LLC lifted its holdings in shares of First Trust Capital Strength ETF by 288.0% during the fourth quarter. Caitlin John LLC now owns 291 shares of the company’s stock valued at $27,000 after purchasing an additional 216 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of First Trust Capital Strength ETF by 492.0% during the second quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock valued at $27,000 after buying an additional 246 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of First Trust Capital Strength ETF by 140.0% during the fourth quarter. Parallel Advisors LLC now owns 300 shares of the company’s stock valued at $28,000 after buying an additional 175 shares during the last quarter. Finally, BOKF NA purchased a new stake in shares of First Trust Capital Strength ETF during the third quarter valued at $28,000.

First Trust Capital Strength ETF Stock Down 0.0%

First Trust Capital Strength ETF stock traded down $0.04 during trading hours on Tuesday, hitting $100.61. The stock had a trading volume of 442,646 shares, compared to its average volume of 583,259. The stock has a market capitalization of $7.98 billion, a P/E ratio of 21.51 and a beta of 0.70. First Trust Capital Strength ETF has a 12-month low of $89.76 and a 12-month high of $101.12. The stock’s 50-day moving average price is $96.16 and its 200-day moving average price is $95.36.

First Trust Capital Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.2636 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, June 25th.

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.