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

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 1,381 shares, an increase of 35.4% from the January 29th total of 1,020 shares. Based on an average trading volume of 122 shares, the short-interest ratio is currently 11.3 days. Approximately 2.8% of the shares of the stock are short sold. Approximately 2.8% of the shares of the stock are short sold. Based on an average trading volume of 122 shares, the short-interest ratio is currently 11.3 days.

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

FCFY traded down $0.05 during mid-day trading on Monday, reaching $26.64. The stock had a trading volume of 565 shares, compared to its average volume of 624. The firm’s fifty day simple moving average is $27.44 and its two-hundred day simple moving average is $27.03. The stock has a market capitalization of $1.33 million, a P/E ratio of 14.24 and a beta of 1.06. First Trust S&P 500 Diversified Free Cash Flow ETF has a 52 week low of $19.99 and a 52 week high of $28.39.

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

Several hedge funds have recently bought and sold shares of FCFY. Citadel Advisors LLC boosted its position in 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 last quarter. Triumph Capital Management acquired a new stake in shares of First Trust S&P 500 Diversified Free Cash Flow ETF in the 3rd quarter valued at approximately $40,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of First Trust S&P 500 Diversified Free Cash Flow ETF in the 4th quarter valued at approximately $26,000.

First Trust S&P 500 Diversified Free Cash Flow ETF Company Profile

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.