First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Get Free Report) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 582 shares, a decrease of 53.7% from the July 30th total of 1,256 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 330 shares, the days-to-cover ratio is currently 1.8 days.
First Trust S&P 500 Diversified Free Cash Flow ETF Stock Performance
Shares of FCFY stock traded up $0.11 on Friday, hitting $30.59. 301 shares of the company’s stock traded hands, compared to its average volume of 447. The company’s fifty day simple moving average is $28.68 and its 200 day simple moving average is $27.37. First Trust S&P 500 Diversified Free Cash Flow ETF has a one year low of $24.92 and a one year high of $30.60. The stock has a market capitalization of $1.53 million, a price-to-earnings ratio of 14.24 and a beta of 0.95.
Hedge Funds Weigh In On First Trust S&P 500 Diversified Free Cash Flow ETF
Several hedge funds and other institutional investors have recently modified their holdings of FCFY. Kestra Advisory Services LLC bought a new position in First Trust S&P 500 Diversified Free Cash Flow ETF in the fourth quarter worth $26,000. Triumph Capital Management bought a new stake in shares of First Trust S&P 500 Diversified Free Cash Flow ETF in the 3rd quarter worth approximately $40,000. Finally, Citadel Advisors LLC boosted its position in shares of First Trust S&P 500 Diversified Free Cash Flow ETF by 18.2% in the 3rd quarter. Citadel Advisors LLC now owns 25,525 shares of the company’s stock worth $686,000 after purchasing an additional 3,926 shares in the last quarter.
About First Trust S&P 500 Diversified Free Cash Flow ETF
The First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is an exchange-traded fund that is based on the S&P 500 Sector-Neutral FCF index. The fund tracks an index composed of the largest U.S. companies that are perceived to have strong free cash flow yields in comparison to other firms within the same GICS sector FCFY was launched on Aug 23, 2023 and is issued by First Trust.
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