First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) Sees Large Drop in Short Interest

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 312 shares, a decrease of 46.4% from the August 15th total of 582 shares. Based on an average trading volume of 1,521 shares, the short-interest ratio is currently 0.2 days. Currently, 0.6% of the shares of the company are sold short.

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

FCFY traded down $0.06 on Tuesday, reaching $30.63. 2,108 shares of the stock were exchanged, compared to its average volume of 587. The company’s 50-day moving average price is $29.39 and its 200 day moving average price is $27.64. The firm has a market capitalization of $1.53 million, a PE ratio of 14.24 and a beta of 0.96. First Trust S&P 500 Diversified Free Cash Flow ETF has a fifty-two week low of $24.92 and a fifty-two week high of $31.01.

Institutional Investors Weigh In On First Trust S&P 500 Diversified Free Cash Flow ETF

An institutional investor recently raised its stake in First Trust S&P 500 Diversified Free Cash Flow ETF stock. Triumph Capital Management increased its holdings in First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,583 shares of the company’s stock after buying an additional 651 shares during the quarter. Triumph Capital Management owned about 23.17% of First Trust S&P 500 Diversified Free Cash Flow ETF worth $313,000 at the end of the most recent reporting period.

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.