First Trust Growth Strength ETF (NASDAQ:FTGS) Short Interest Update

First Trust Growth Strength ETF (NASDAQ:FTGS) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 29,408 shares, a decline of 62.9% from the May 31st total of 79,231 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 109,604 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust Growth Strength ETF

Several institutional investors have recently bought and sold shares of FTGS. LPL Financial LLC increased its stake in First Trust Growth Strength ETF by 2.7% during the 4th quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock valued at $190,200,000 after buying an additional 141,697 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of First Trust Growth Strength ETF by 31.1% in the third quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock valued at $56,016,000 after acquiring an additional 370,142 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust Growth Strength ETF by 3.2% in the first quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock valued at $50,734,000 after acquiring an additional 46,709 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust Growth Strength ETF by 7.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,125,357 shares of the company’s stock valued at $39,782,000 after acquiring an additional 73,699 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of First Trust Growth Strength ETF by 1.9% during the fourth quarter. Stifel Financial Corp now owns 756,372 shares of the company’s stock valued at $26,742,000 after acquiring an additional 14,241 shares during the period.

First Trust Growth Strength ETF Stock Up 0.2%

FTGS stock traded up $0.09 during trading on Monday, reaching $36.83. 146,038 shares of the company’s stock were exchanged, compared to its average volume of 144,132. First Trust Growth Strength ETF has a 1-year low of $33.00 and a 1-year high of $37.92. The firm has a market cap of $1.25 billion, a PE ratio of 23.90 and a beta of 1.02. The company’s fifty day moving average price is $36.62 and its 200-day moving average price is $35.87.

First Trust Growth Strength ETF Company Profile

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities. FTGS was launched on Oct 25, 2022 and is managed by First Trust.