First Trust Capital Strength ETF (NASDAQ:FTCS) Short Interest Update

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 74,178 shares, an increase of 43.6% from the January 15th total of 51,647 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 508,792 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 508,792 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

First Trust Capital Strength ETF Stock Up 0.4%

Shares of FTCS stock opened at $97.71 on Friday. The firm has a market cap of $8.36 billion, a P/E ratio of 21.51 and a beta of 0.80. The company has a 50 day moving average of $94.97 and a 200-day moving average of $93.31. First Trust Capital Strength ETF has a 12-month low of $80.65 and a 12-month high of $99.21.

First Trust Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.2607 dividend. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in First Trust Capital Strength ETF by 492.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares during the last quarter. Davis Capital Management bought a new position in First Trust Capital Strength ETF during the third quarter worth about $28,000. Parallel Advisors LLC boosted its position in First Trust Capital Strength ETF by 140.0% during the fourth quarter. Parallel Advisors LLC now owns 300 shares of the company’s stock worth $28,000 after purchasing an additional 175 shares during the period. BOKF NA purchased a new position in shares of First Trust Capital Strength ETF in the third quarter worth about $28,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of First Trust Capital Strength ETF in the third quarter valued at approximately $29,000.

About First Trust Capital Strength ETF

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.