Short Interest in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Drops By 34.3%

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 14,616 shares, a decrease of 34.3% from the January 15th total of 22,244 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 7,960 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 7,960 shares, the short-interest ratio is currently 1.8 days. Currently, 0.9% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust SMID Capital Strength ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its position in shares of First Trust SMID Capital Strength ETF by 39.5% during the 4th quarter. Kestra Advisory Services LLC now owns 15,051 shares of the company’s stock worth $538,000 after purchasing an additional 4,262 shares during the last quarter. LPL Financial LLC increased its position in First Trust SMID Capital Strength ETF by 55.1% in the 4th quarter. LPL Financial LLC now owns 509,668 shares of the company’s stock worth $18,231,000 after buying an additional 181,008 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of First Trust SMID Capital Strength ETF by 5.3% during the fourth quarter. International Assets Investment Management LLC now owns 6,390 shares of the company’s stock worth $229,000 after buying an additional 321 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of First Trust SMID Capital Strength ETF by 43.1% in the fourth quarter. Sanctuary Advisors LLC now owns 13,976 shares of the company’s stock valued at $500,000 after acquiring an additional 4,209 shares during the period. Finally, CWM LLC grew its stake in shares of First Trust SMID Capital Strength ETF by 48.7% in the fourth quarter. CWM LLC now owns 1,213 shares of the company’s stock worth $43,000 after acquiring an additional 397 shares during the last quarter.

First Trust SMID Capital Strength ETF Stock Up 0.4%

NASDAQ:FSCS opened at $37.30 on Monday. First Trust SMID Capital Strength ETF has a 12 month low of $30.22 and a 12 month high of $37.77. The firm has a market cap of $61.54 million, a price-to-earnings ratio of 16.57 and a beta of 1.03. The company’s 50 day moving average is $36.64 and its 200-day moving average is $36.32.

First Trust SMID Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.1035 dividend. This is a boost from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, December 12th. This represents a $0.41 annualized dividend and a yield of 1.1%.

First Trust SMID Capital Strength ETF Company Profile

The First Trust SMID Capital Strength ETF (FSCS) is an exchange-traded fund that is based on the The SMID Capital Strength index. The fund tracks an equal-weighted index of 100 well-capitalized small- and mid-cap US companies perceived to hold strong market positions. FSCS was launched on Jun 20, 2017 and is issued by First Trust.