First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) Sees Significant Decline in Short Interest

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 840 shares, a decline of 37.2% from the June 15th total of 1,337 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 75 shares, the short-interest ratio is presently 11.2 days.

Institutional Investors Weigh In On First Trust S&P 500 Diversified Free Cash Flow ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of First Trust S&P 500 Diversified Free Cash Flow ETF in the fourth quarter valued at approximately $26,000. Triumph Capital Management acquired a new stake in First Trust S&P 500 Diversified Free Cash Flow ETF in the 3rd quarter valued at $40,000. Finally, Citadel Advisors LLC grew its stake in 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 valued at $686,000 after acquiring an additional 3,926 shares during the period.

First Trust S&P 500 Diversified Free Cash Flow ETF Stock Performance

Shares of FCFY stock remained flat at $28.08 during mid-day trading on Friday. The stock had a trading volume of 39 shares, compared to its average volume of 359. First Trust S&P 500 Diversified Free Cash Flow ETF has a fifty-two week low of $24.81 and a fifty-two week high of $29.05. The company has a market cap of $1.40 million, a price-to-earnings ratio of 14.24 and a beta of 0.98. The business has a fifty day moving average of $27.53 and a two-hundred day moving average of $26.97.

First Trust S&P 500 Diversified Free Cash Flow ETF Company Profile

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.