Short Interest in First Trust Capital Strength ETF (NASDAQ:FTCS) Rises By 470.7%

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 23,374 shares, an increase of 470.7% from the July 30th total of 4,096 shares. Based on an average daily volume of 353,035 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

First Trust Capital Strength ETF Trading Down 0.8%

Shares of FTCS stock traded down $0.77 on Thursday, hitting $101.00. 338,724 shares of the stock were exchanged, compared to its average volume of 562,918. The firm has a market capitalization of $8.01 billion, a P/E ratio of 21.51 and a beta of 0.70. First Trust Capital Strength ETF has a fifty-two week low of $89.76 and a fifty-two week high of $102.93. The business has a 50-day moving average of $97.98 and a 200 day moving average of $95.72.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.2636 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.05 dividend on an annualized basis and a yield of 1.0%.

Institutional Trading of First Trust Capital Strength ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Plus Group Wealth Advisors LLC bought a new position in First Trust Capital Strength ETF in the 4th quarter valued at approximately $1,675,000. Vestmark Advisory Solutions Inc. lifted its stake in shares of First Trust Capital Strength ETF by 19.4% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 186,554 shares of the company’s stock valued at $17,258,000 after acquiring an additional 30,287 shares during the last quarter. UBS Group AG boosted its holdings in shares of First Trust Capital Strength ETF by 0.8% during the 4th quarter. UBS Group AG now owns 1,420,141 shares of the company’s stock valued at $131,380,000 after acquiring an additional 11,966 shares in the last quarter. World Investment Advisors boosted its holdings in shares of First Trust Capital Strength ETF by 17.5% during the 4th quarter. World Investment Advisors now owns 52,736 shares of the company’s stock valued at $4,879,000 after acquiring an additional 7,853 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in First Trust Capital Strength ETF by 80.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 37,874 shares of the company’s stock worth $3,504,000 after acquiring an additional 16,919 shares during the last quarter.

First Trust Capital Strength ETF Company Profile

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.