Short Interest in First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Declines By 35.1%

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 12,954 shares, a decline of 35.1% from the June 30th total of 19,960 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 6,831 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On First Trust New Constructs Core Earnings Leaders ETF

Several institutional investors have recently modified their holdings of the business. Thoroughbred Financial Services LLC purchased a new stake in shares of First Trust New Constructs Core Earnings Leaders ETF during the fourth quarter valued at approximately $767,000. Luken Investment Analytics LLC grew its stake in First Trust New Constructs Core Earnings Leaders ETF by 34.9% in the 4th quarter. Luken Investment Analytics LLC now owns 25,170 shares of the company’s stock valued at $627,000 after purchasing an additional 6,510 shares during the period. Finally, Harbour Investments Inc. bought a new position in First Trust New Constructs Core Earnings Leaders ETF in the 4th quarter valued at $337,000.

First Trust New Constructs Core Earnings Leaders ETF Price Performance

FTCE stock remained flat at $27.13 during trading on Friday. 2,855 shares of the company’s stock were exchanged, compared to its average volume of 13,495. First Trust New Constructs Core Earnings Leaders ETF has a twelve month low of $21.95 and a twelve month high of $28.55. The stock has a 50 day moving average price of $27.28 and a 200 day moving average price of $25.78. The stock has a market cap of $82.75 million, a P/E ratio of 23.72 and a beta of 1.02.

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.