First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) Shares Shorted: Short Interest Down 97.6% in September

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 201 shares, a decline of 97.6% from the September 15th total of 8,510 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 3,117 shares, the days-to-cover ratio is presently 0.1 days.

First Trust S&P 500 Diversified Free Cash Flow ETF Trading Down 0.4%

FCFY traded down $0.13 during mid-day trading on Friday, hitting $29.42. 128 shares of the stock were exchanged, compared to its average volume of 721. The firm’s fifty day moving average is $29.92 and its two-hundred day moving average is $28.10. First Trust S&P 500 Diversified Free Cash Flow ETF has a 1-year low of $24.92 and a 1-year high of $31.01. The company has a market cap of $1.47 million, a PE ratio of 14.24 and a beta of 0.98.

Institutional Trading of First Trust S&P 500 Diversified Free Cash Flow ETF

An institutional investor recently raised its stake in First Trust S&P 500 Diversified Free Cash Flow ETF stock. Citadel Advisors LLC grew its holdings in First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) by 17.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,304 shares of the company’s stock after purchasing an additional 3,081 shares during the quarter. Citadel Advisors LLC owned 40.61% of First Trust S&P 500 Diversified Free Cash Flow ETF worth $548,000 at the end of the most recent reporting period.

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.