First Trust International Developed Capital Strength ETF (NASDAQ:FICS) Sees Significant Increase in Short Interest

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,109 shares, an increase of 324.0% from the August 31st total of 1,205 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 6,214 shares, the days-to-cover ratio is presently 0.8 days.

First Trust International Developed Capital Strength ETF Price Performance

Shares of NASDAQ FICS traded up $0.21 during trading hours on Friday, hitting $40.72. 5,486 shares of the company’s stock were exchanged, compared to its average volume of 21,190. First Trust International Developed Capital Strength ETF has a 1-year low of $37.46 and a 1-year high of $43.38. The stock has a market capitalization of $201.57 million, a price-to-earnings ratio of 19.87 and a beta of 0.71. The company’s 50-day moving average price is $42.01 and its 200-day moving average price is $41.12.

First Trust International Developed Capital Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be given a $0.1036 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $0.41 annualized dividend and a yield of 1.0%. This is a decrease from First Trust International Developed Capital Strength ETF’s previous quarterly dividend of $0.4455.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC grew its stake in shares of First Trust International Developed Capital Strength ETF by 29.5% in the first quarter. Kestra Advisory Services LLC now owns 5,730 shares of the company’s stock worth $224,000 after acquiring an additional 1,305 shares during the last quarter. Claris Financial LLC increased its position in First Trust International Developed Capital Strength ETF by 17.5% during the first quarter. Claris Financial LLC now owns 6,393 shares of the company’s stock worth $250,000 after acquiring an additional 953 shares during the period. IFP Advisors Inc raised its stake in First Trust International Developed Capital Strength ETF by 126.0% during the 4th quarter. IFP Advisors Inc now owns 6,462 shares of the company’s stock valued at $259,000 after purchasing an additional 3,603 shares during the last quarter. International Assets Investment Management LLC raised its stake in First Trust International Developed Capital Strength ETF by 11.6% during the 1st quarter. International Assets Investment Management LLC now owns 6,577 shares of the company’s stock valued at $260,000 after purchasing an additional 682 shares during the last quarter. Finally, Founders Financial Securities LLC boosted its holdings in First Trust International Developed Capital Strength ETF by 17.3% in the 4th quarter. Founders Financial Securities LLC now owns 8,829 shares of the company’s stock valued at $354,000 after purchasing an additional 1,305 shares during the period.

First Trust International Developed Capital Strength ETF Company Profile

The First Trust International Developed Cap Strength ETF (FICS) is an exchange-traded fund that mostly invests in total market equity. The First Trust International Developed Capital Strength ETF (the Fund) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called The International Developed Capital Strength IndexSM (the Index). FICS was launched on Dec 15, 2020 and is managed by First Trust.