First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Short Interest Update

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 493 shares, an increase of 393.0% from the April 30th total of 100 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,338 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust SMID Growth Strength ETF

A number of large investors have recently made changes to their positions in FSGS. Susquehanna International Group LLP increased its position in shares of First Trust SMID Growth Strength ETF by 59.5% during the third quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock worth $1,312,000 after purchasing an additional 15,668 shares in the last quarter. Osaic Holdings Inc. acquired a new position in shares of First Trust SMID Growth Strength ETF during the second quarter worth $168,000. Kestra Advisory Services LLC acquired a new position in shares of First Trust SMID Growth Strength ETF during the fourth quarter worth $73,000. Citadel Advisors LLC increased its position in shares of First Trust SMID Growth Strength ETF by 7.2% during the third quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock worth $1,103,000 after purchasing an additional 2,361 shares in the last quarter. Finally, 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 worth $230,000 after purchasing an additional 577 shares in the last quarter.

First Trust SMID Growth Strength ETF Trading Down 0.2%

Shares of FSGS stock traded down $0.05 during trading hours on Friday, reaching $30.90. 272 shares of the company’s stock were exchanged, compared to its average volume of 1,765. The stock’s 50 day moving average is $30.32 and its 200-day moving average is $30.58. The company has a market cap of $29.36 million, a price-to-earnings ratio of 18.32 and a beta of 0.97. First Trust SMID Growth Strength ETF has a fifty-two week low of $28.35 and a fifty-two week high of $32.08.

First Trust SMID Growth Strength ETF Company Profile

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.