First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Sees Large Decrease in Short Interest

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 6,800 shares, a decrease of 60.0% from the February 28th total of 17,000 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On First Trust SMID Capital Strength ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FSCS. Mpwm Advisory Solutions LLC bought a new stake in shares of First Trust SMID Capital Strength ETF in the fourth quarter valued at about $58,000. Aptus Capital Advisors LLC acquired a new stake in First Trust SMID Capital Strength ETF during the fourth quarter worth approximately $96,000. Concourse Financial Group Securities Inc. bought a new position in First Trust SMID Capital Strength ETF in the fourth quarter valued at approximately $170,000. NewEdge Advisors LLC bought a new position in First Trust SMID Capital Strength ETF in the fourth quarter valued at about $623,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of First Trust SMID Capital Strength ETF during the fourth quarter worth $267,000.

First Trust SMID Capital Strength ETF Price Performance

Shares of FSCS stock traded down $0.48 on Friday, hitting $34.41. The company’s stock had a trading volume of 7,585 shares, compared to its average volume of 3,593. The stock has a market capitalization of $24.08 million, a price-to-earnings ratio of 16.31 and a beta of 1.16. First Trust SMID Capital Strength ETF has a fifty-two week low of $31.36 and a fifty-two week high of $38.61. The firm’s fifty day moving average price is $35.58 and its 200-day moving average price is $35.84.

First Trust SMID Capital Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a dividend of $0.0389 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.45%.

First Trust SMID Capital Strength ETF Company Profile

The First Trust SMID Capital Strength ETF (FSCS) is an exchange-traded fund that is based on the The SMID Capital Strength index. The fund tracks an equal-weighted index of 100 well-capitalized small- and mid-cap US companies perceived to hold strong market positions. FSCS was launched on Jun 20, 2017 and is issued by First Trust.