First Trust Growth Strength ETF (NASDAQ:FTGS) Stock Short Interest Jumps 77.4%

First Trust Growth Strength ETF (NASDAQ:FTGS) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 58,607 shares, an increase of 77.4% from the September 15th total of 33,039 shares. Based on an average daily trading volume, of 153,838 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

First Trust Growth Strength ETF Stock Performance

Shares of FTGS traded down $0.52 during mid-day trading on Friday, hitting $37.99. The company’s stock had a trading volume of 101,953 shares, compared to its average volume of 132,583. First Trust Growth Strength ETF has a one year low of $33.00 and a one year high of $40.12. The firm has a market capitalization of $1.28 billion, a PE ratio of 23.90 and a beta of 1.02. The stock’s 50-day moving average is $38.74 and its two-hundred day moving average is $37.47.

First Trust Growth Strength ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.0088 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Large investors have recently bought and sold shares of the stock. Cetera Investment Advisers grew its position in First Trust Growth Strength ETF by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock worth $50,734,000 after purchasing an additional 46,709 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of First Trust Growth Strength ETF by 9.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,085,460 shares of the company’s stock valued at $40,164,000 after buying an additional 92,206 shares during the last quarter. Royal Bank of Canada raised its position in shares of First Trust Growth Strength ETF by 16.6% during the first quarter. Royal Bank of Canada now owns 514,094 shares of the company’s stock valued at $17,503,000 after buying an additional 73,363 shares during the last quarter. Hobart Private Capital LLC raised its position in shares of First Trust Growth Strength ETF by 5.5% during the second quarter. Hobart Private Capital LLC now owns 425,915 shares of the company’s stock valued at $15,760,000 after buying an additional 22,326 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of First Trust Growth Strength ETF by 12.2% during the first quarter. Assetmark Inc. now owns 397,456 shares of the company’s stock valued at $13,532,000 after buying an additional 43,302 shares during the last quarter.

First Trust Growth Strength ETF Company Profile

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities. FTGS was launched on Oct 25, 2022 and is managed by First Trust.