First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Sees Large Growth in Short Interest

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 33,838 shares, a growth of 12.7% from the March 31st total of 30,021 shares. Based on an average daily trading volume, of 18,633 shares, the short-interest ratio is currently 1.8 days. Approximately 1.2% of the company’s stock are short sold.

First Trust New Constructs Core Earnings Leaders ETF Stock Performance

NYSEARCA:FTCE opened at $25.56 on Friday. The stock’s 50 day moving average price is $24.48 and its 200 day moving average price is $24.74. First Trust New Constructs Core Earnings Leaders ETF has a 52 week low of $19.65 and a 52 week high of $25.89. The company has a market capitalization of $71.57 million, a P/E ratio of 23.72 and a beta of 1.00.

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

Hedge funds have recently bought and sold shares of the business. Thoroughbred Financial Services LLC acquired a new position in First Trust New Constructs Core Earnings Leaders ETF during the fourth quarter worth $767,000. Harbour Investments Inc. acquired a new position in First Trust New Constructs Core Earnings Leaders ETF during the fourth quarter worth $337,000. Luken Investment Analytics LLC increased its position in First Trust New Constructs Core Earnings Leaders ETF by 34.9% during the fourth quarter. Luken Investment Analytics LLC now owns 25,170 shares of the company’s stock worth $627,000 after buying an additional 6,510 shares during the last quarter. Finally, Accurate Wealth Management LLC increased its position in First Trust New Constructs Core Earnings Leaders ETF by 109.5% during the fourth quarter. Accurate Wealth Management LLC now owns 25,645 shares of the company’s stock worth $654,000 after buying an additional 13,403 shares during the last quarter.

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.