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

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 87,005 shares, a growth of 113.6% from the February 26th total of 40,727 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 542,063 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in shares of First Trust Capital Strength ETF by 93.9% in the 1st quarter. AQR Capital Management LLC now owns 5,690 shares of the company’s stock worth $510,000 after acquiring an additional 2,755 shares during the period. Global Retirement Partners LLC acquired a new position in First Trust Capital Strength ETF during the second quarter worth $2,684,000. Richmond Investment Services LLC boosted its position in First Trust Capital Strength ETF by 79.5% during the second quarter. Richmond Investment Services LLC now owns 30,743 shares of the company’s stock worth $2,794,000 after purchasing an additional 13,614 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in First Trust Capital Strength ETF by 4.4% during the second quarter. J.W. Cole Advisors Inc. now owns 47,384 shares of the company’s stock worth $4,307,000 after purchasing an additional 1,984 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Capital Strength ETF by 9.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 333,602 shares of the company’s stock valued at $30,321,000 after purchasing an additional 28,986 shares during the last quarter.

First Trust Capital Strength ETF Trading Down 0.5%

Shares of FTCS traded down $0.47 during trading hours on Thursday, reaching $92.68. The company had a trading volume of 707,034 shares, compared to its average volume of 504,189. First Trust Capital Strength ETF has a 12-month low of $80.65 and a 12-month high of $99.74. The firm has a 50 day simple moving average of $96.56 and a 200-day simple moving average of $94.05. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 21.51 and a beta of 0.80.

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.