First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Short Interest Down 32.7% in February

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 19,204 shares, a drop of 32.7% from the February 12th total of 28,522 shares. Based on an average daily trading volume, of 8,565 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.8% of the shares of the stock are short sold. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,565 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Trading of First Trust New Constructs Core Earnings Leaders ETF

Several hedge funds have recently bought and sold shares of the stock. Thoroughbred Financial Services LLC purchased a new position in shares of First Trust New Constructs Core Earnings Leaders ETF during the fourth quarter valued at about $767,000. Accurate Wealth Management LLC lifted its position in shares of First Trust New Constructs Core Earnings Leaders ETF by 109.5% in the fourth quarter. Accurate Wealth Management LLC now owns 25,645 shares of the company’s stock worth $654,000 after buying an additional 13,403 shares in the last quarter. Luken Investment Analytics LLC boosted its stake in First Trust New Constructs Core Earnings Leaders ETF by 34.9% during the fourth quarter. Luken Investment Analytics LLC now owns 25,170 shares of the company’s stock valued at $627,000 after buying an additional 6,510 shares during the last quarter. Finally, Harbour Investments Inc. purchased a new position in First Trust New Constructs Core Earnings Leaders ETF during the 4th quarter valued at approximately $337,000.

First Trust New Constructs Core Earnings Leaders ETF Price Performance

Shares of FTCE stock traded down $0.05 during mid-day trading on Friday, hitting $24.07. The company had a trading volume of 9,160 shares, compared to its average volume of 14,534. First Trust New Constructs Core Earnings Leaders ETF has a 52-week low of $17.26 and a 52-week high of $25.89. The stock’s 50 day moving average price is $25.07 and its 200-day moving average price is $24.61. The company has a market capitalization of $56.56 million, a P/E ratio of 23.72 and a beta of 1.12.

First Trust New Constructs Core Earnings Leaders ETF Company Profile

The First Trust New Constructs Core Earnings Leaders ETF (FTCE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of companies with high earnings quality, as selected and measured using the Earnings Capture metric. The fund holds 100 securities, representing the top companies within each Bloomberg sector classification. FTCE was launched on Oct 2, 2024 and is issued by First Trust.