First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Significant Growth in Short Interest

First Trust Growth Strength ETF (NASDAQ:FTGS) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 18,811 shares, an increase of 229.4% from the April 15th total of 5,711 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 98,301 shares, the short-interest ratio is currently 0.2 days.

First Trust Growth Strength ETF Stock Down 0.5%

First Trust Growth Strength ETF stock traded down $0.17 during trading hours on Friday, hitting $36.11. 146,374 shares of the company traded hands, compared to its average volume of 154,848. The firm has a market cap of $1.23 billion, a P/E ratio of 23.90 and a beta of 1.03. The firm’s 50-day simple moving average is $35.35 and its two-hundred day simple moving average is $35.49. First Trust Growth Strength ETF has a 1-year low of $32.00 and a 1-year high of $37.04.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Several large investors have recently made changes to their positions in the business. LPL Financial LLC boosted its position in shares of First Trust Growth Strength ETF by 2.7% during the 4th quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock valued at $190,200,000 after purchasing an additional 141,697 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Growth Strength ETF by 31.1% during the 3rd quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock valued at $56,016,000 after purchasing an additional 370,142 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Growth Strength ETF by 3.2% during the 1st quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock valued at $50,734,000 after purchasing an additional 46,709 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust Growth Strength ETF by 7.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,125,357 shares of the company’s stock valued at $39,782,000 after purchasing an additional 73,699 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of First Trust Growth Strength ETF by 1.9% during the 4th quarter. Stifel Financial Corp now owns 756,372 shares of the company’s stock valued at $26,742,000 after purchasing an additional 14,241 shares in the last quarter.

About First Trust Growth Strength ETF

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities. FTGS was launched on Oct 25, 2022 and is managed by First Trust.