Short Interest in First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Declines By 42.3%

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 19,535 shares, a decrease of 42.3% from the April 15th total of 33,838 shares. Based on an average daily volume of 9,098 shares, the short-interest ratio is presently 2.1 days. Currently, 0.7% of the company’s stock are sold short.

First Trust New Constructs Core Earnings Leaders ETF Stock Performance

NYSEARCA FTCE traded up $0.09 during trading hours on Monday, hitting $26.26. 4,185 shares of the company traded hands, compared to its average volume of 15,081. The business’s 50-day moving average is $24.75 and its 200-day moving average is $24.87. First Trust New Constructs Core Earnings Leaders ETF has a twelve month low of $20.39 and a twelve month high of $26.39. The stock has a market capitalization of $73.53 million, a price-to-earnings ratio of 23.72 and a beta of 0.91.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FTCE. Thoroughbred Financial Services LLC acquired a new position in First Trust New Constructs Core Earnings Leaders ETF during the fourth quarter valued at approximately $767,000. Harbour Investments Inc. acquired a new position in First Trust New Constructs Core Earnings Leaders ETF during the fourth quarter valued at approximately $337,000. Accurate Wealth Management LLC boosted its position in First Trust New Constructs Core Earnings Leaders ETF by 109.5% during the fourth quarter. Accurate Wealth Management LLC now owns 25,645 shares of the company’s stock valued at $654,000 after purchasing an additional 13,403 shares during the last quarter. Finally, Luken Investment Analytics LLC boosted its position in First Trust New Constructs Core Earnings Leaders ETF by 34.9% during the fourth quarter. Luken Investment Analytics LLC now owns 25,170 shares of the company’s stock valued at $627,000 after purchasing an additional 6,510 shares during the last quarter.

About First Trust New Constructs Core Earnings Leaders ETF

The First Trust New Constructs Core Earnings Leaders ETF (FTCE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of companies with high earnings quality, as selected and measured using the Earnings Capture metric. The fund holds 100 securities, representing the top companies within each Bloomberg sector classification. FTCE was launched on Oct 2, 2024 and is issued by First Trust.