First Trust Capital Strength ETF (NASDAQ:FTCS) Short Interest Up 1,325.9% in June

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 251,824 shares, an increase of 1,325.9% from the June 15th total of 17,661 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 588,113 shares, the short-interest ratio is presently 0.4 days.

First Trust Capital Strength ETF Price Performance

Shares of NASDAQ:FTCS traded up $0.41 during midday trading on Friday, hitting $96.61. The company had a trading volume of 456,597 shares, compared to its average volume of 594,740. First Trust Capital Strength ETF has a twelve month low of $89.39 and a twelve month high of $99.74. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 21.51 and a beta of 0.71. The business’s 50-day simple moving average is $93.92 and its 200-day simple moving average is $94.73.

First Trust Capital Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.2636 dividend. This represents a $1.05 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Capital Strength ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Eastern Bank acquired a new position in shares of First Trust Capital Strength ETF during the 2nd quarter valued at about $27,000. Caitlin John LLC raised its stake in First Trust Capital Strength ETF by 288.0% during the fourth quarter. Caitlin John LLC now owns 291 shares of the company’s stock worth $27,000 after purchasing an additional 216 shares during the period. EverSource Wealth Advisors LLC raised its stake in First Trust Capital Strength ETF by 492.0% during the second quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares during the period. Parallel Advisors LLC raised its stake in First Trust Capital Strength ETF by 140.0% during the fourth quarter. Parallel Advisors LLC now owns 300 shares of the company’s stock worth $28,000 after purchasing an additional 175 shares during the period. Finally, BOKF NA acquired a new position in First Trust Capital Strength ETF in the 3rd quarter valued at about $28,000.

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.