Short Interest in First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Increases By 93.1%

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 30,021 shares, an increase of 93.1% from the March 15th total of 15,549 shares. Based on an average trading volume of 28,572 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.1% of the company’s shares are sold short.

First Trust New Constructs Core Earnings Leaders ETF Price Performance

FTCE opened at $24.87 on Wednesday. The stock’s 50 day simple moving average is $24.43 and its 200 day simple moving average is $24.69. First Trust New Constructs Core Earnings Leaders ETF has a 1 year low of $18.06 and a 1 year high of $25.89. The firm has a market cap of $67.15 million, a price-to-earnings ratio of 23.72 and a beta of 1.00.

Hedge Funds Weigh In On First Trust New Constructs Core Earnings Leaders ETF

Several institutional investors and hedge funds have recently bought and sold shares of FTCE. Accurate Wealth Management LLC bought a new position in First Trust New Constructs Core Earnings Leaders ETF during the 3rd quarter worth approximately $294,000. Luken Investment Analytics LLC grew its position in First Trust New Constructs Core Earnings Leaders ETF by 34.9% during the 4th quarter. Luken Investment Analytics LLC now owns 25,170 shares of the company’s stock worth $627,000 after acquiring an additional 6,510 shares during the last quarter. Harbour Investments Inc. bought a new position in First Trust New Constructs Core Earnings Leaders ETF during the 4th quarter worth approximately $337,000. Finally, Thoroughbred Financial Services LLC bought a new position in First Trust New Constructs Core Earnings Leaders ETF during the 4th quarter worth approximately $767,000.

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.