Short Interest in First Trust Growth Strength ETF (NASDAQ:FTGS) Expands By 244.0%

First Trust Growth Strength ETF (NASDAQ:FTGSGet Free Report) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 43,000 shares, an increase of 244.0% from the January 15th total of 12,500 shares. Based on an average daily trading volume, of 50,700 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. RiverTree Advisors LLC acquired a new stake in First Trust Growth Strength ETF during the fourth quarter worth about $7,892,000. Park National Corp OH boosted its stake in First Trust Growth Strength ETF by 164.9% in the third quarter. Park National Corp OH now owns 233,423 shares of the company’s stock valued at $5,548,000 after acquiring an additional 145,305 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of First Trust Growth Strength ETF during the third quarter valued at approximately $2,798,000. Cambridge Investment Research Advisors Inc. raised its position in shares of First Trust Growth Strength ETF by 49.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 97,970 shares of the company’s stock worth $2,329,000 after purchasing an additional 32,284 shares during the period. Finally, Kapstone Financial Advisors LLC acquired a new stake in shares of First Trust Growth Strength ETF during the 4th quarter worth approximately $603,000.

First Trust Growth Strength ETF Price Performance

Shares of FTGS opened at $29.21 on Tuesday. The stock has a market capitalization of $109.52 million, a PE ratio of 14.15 and a beta of 1.11. The business’s fifty day moving average price is $27.30 and its 200 day moving average price is $25.29. First Trust Growth Strength ETF has a 12-month low of $20.88 and a 12-month high of $29.41.

First Trust Growth Strength ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th were given a $0.0493 dividend. The ex-dividend date was Friday, December 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.68%.

About First Trust Growth Strength ETF

(Get Free Report)

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities.

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