First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Significant Increase in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 72,400 shares, a growth of 373.2% from the February 13th total of 15,300 shares. Based on an average daily volume of 292,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of First Trust Capital Strength ETF

Hedge funds have recently added to or reduced their stakes in the business. Kestra Investment Management LLC bought a new stake in shares of First Trust Capital Strength ETF in the 4th quarter valued at about $38,000. Mpwm Advisory Solutions LLC bought a new position in First Trust Capital Strength ETF in the fourth quarter worth approximately $72,000. Knuff & Co LLC purchased a new stake in First Trust Capital Strength ETF during the fourth quarter worth $88,000. Stephens Consulting LLC boosted its position in First Trust Capital Strength ETF by 20.7% during the 4th quarter. Stephens Consulting LLC now owns 1,069 shares of the company’s stock valued at $94,000 after acquiring an additional 183 shares in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of First Trust Capital Strength ETF in the 4th quarter valued at $99,000.

First Trust Capital Strength ETF Price Performance

Shares of FTCS stock traded up $0.53 during mid-day trading on Friday, hitting $87.57. The stock had a trading volume of 79,215 shares, compared to its average volume of 301,318. First Trust Capital Strength ETF has a 12-month low of $81.16 and a 12-month high of $94.23. The firm’s 50-day moving average is $89.46 and its two-hundred day moving average is $90.28. The firm has a market capitalization of $8.62 billion, a P/E ratio of 23.44 and a beta of 0.86.

First Trust Capital Strength ETF Company Profile

First Trust Capital Strength ETF, formerly First Trust Strategic Value Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Credit Suisse U.S. Value Index, Powered by HOLT (the Index). The Index is developed, maintained and sponsored by Credit Suisse Securities (USA) LLC and Credit Suisse Group AG (collectively, the Index Provider).