First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Get Free Report) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 999 shares, an increase of 72.5% from the December 15th total of 579 shares. Based on an average daily trading volume, of 294 shares, the short-interest ratio is currently 3.4 days. Currently, 2.0% of the shares of the stock are short sold. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 294 shares, the short-interest ratio is currently 3.4 days.
First Trust S&P 500 Diversified Free Cash Flow ETF Stock Performance
Shares of NYSEARCA FCFY traded down $0.01 during mid-day trading on Thursday, reaching $27.99. The company had a trading volume of 1,605 shares, compared to its average volume of 301. The firm has a market cap of $1.40 million, a price-to-earnings ratio of 14.24 and a beta of 1.06. The business’s 50-day simple moving average is $27.37 and its 200 day simple moving average is $26.67. First Trust S&P 500 Diversified Free Cash Flow ETF has a one year low of $19.99 and a one year high of $28.39.
Institutional Investors Weigh In On First Trust S&P 500 Diversified Free Cash Flow ETF
An institutional investor recently bought a new position in First Trust S&P 500 Diversified Free Cash Flow ETF stock. Triumph Capital Management bought a new stake in First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,475 shares of the company’s stock, valued at approximately $40,000. Triumph Capital Management owned approximately 2.95% of First Trust S&P 500 Diversified Free Cash Flow ETF at the end of the most recent reporting period.
About First Trust S&P 500 Diversified Free Cash Flow ETF
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.
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