First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Sees Large Decrease in Short Interest

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 358 shares, a decrease of 95.1% from the June 30th total of 7,277 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 632 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of First Trust SMID Growth Strength ETF

Several large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. bought a new position in First Trust SMID Growth Strength ETF in the 2nd quarter worth $168,000. Citadel Advisors LLC boosted its stake in shares of First Trust SMID Growth Strength ETF by 7.2% during the 3rd quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock valued at $1,103,000 after purchasing an additional 2,361 shares in the last quarter. Susquehanna International Group LLP boosted its stake in shares of First Trust SMID Growth Strength ETF by 59.5% during the 3rd quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock valued at $1,312,000 after purchasing an additional 15,668 shares in the last quarter. Western Wealth Management LLC increased its position in shares of First Trust SMID Growth Strength ETF by 8.3% during the fourth quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock valued at $230,000 after buying an additional 577 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of First Trust SMID Growth Strength ETF during the fourth quarter valued at about $73,000.

First Trust SMID Growth Strength ETF Trading Up 0.8%

NASDAQ FSGS traded up $0.26 on Friday, hitting $31.64. The company’s stock had a trading volume of 70 shares, compared to its average volume of 2,200. The firm has a market cap of $30.05 million, a P/E ratio of 18.32 and a beta of 0.96. First Trust SMID Growth Strength ETF has a 52-week low of $28.35 and a 52-week high of $32.47. The company’s 50-day simple moving average is $31.37 and its 200 day simple moving average is $30.84.

First Trust SMID Growth Strength ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.0102 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, June 25th.

About First Trust SMID Growth Strength ETF

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.