Short Interest in First Trust Capital Strength ETF (NASDAQ:FTCS) Expands By 470.7%

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 23,374 shares, a growth of 470.7% from the July 30th total of 4,096 shares. Based on an average trading volume of 353,035 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

First Trust Capital Strength ETF Trading Down 0.3%

Shares of First Trust Capital Strength ETF stock opened at $101.96 on Wednesday. First Trust Capital Strength ETF has a 12-month low of $89.76 and a 12-month high of $102.93. The company has a market cap of $8.09 billion, a P/E ratio of 21.51 and a beta of 0.70. The company’s fifty day simple moving average is $97.65 and its two-hundred day simple moving average is $95.68.

First Trust Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.2636 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.05 annualized dividend and a dividend yield of 1.0%.

Institutional Trading of First Trust Capital Strength ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. PCG Wealth Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 0.3% in the 2nd quarter. PCG Wealth Advisors LLC now owns 72,705 shares of the company’s stock worth $6,828,000 after acquiring an additional 188 shares in the last quarter. Asset Allocation Strategies LLC boosted its position in shares of First Trust Capital Strength ETF by 62.2% during the second quarter. Asset Allocation Strategies LLC now owns 4,051 shares of the company’s stock valued at $380,000 after purchasing an additional 1,553 shares in the last quarter. Kaydan Wealth Management Inc. purchased a new stake in First Trust Capital Strength ETF in the second quarter worth $1,024,000. Compass Financial Management LLC purchased a new stake in First Trust Capital Strength ETF in the second quarter worth $897,000. Finally, NI Acquisitions Company LLC bought a new position in First Trust Capital Strength ETF in the second quarter worth $8,494,000.

First Trust Capital Strength ETF Company Profile

First Trust Capital Strength ETF, formerly First Trust Strategic Value Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Credit Suisse U.S. Value Index, Powered by HOLT (the Index). The Index is developed, maintained and sponsored by Credit Suisse Securities (USA) LLC and Credit Suisse Group AG (collectively, the Index Provider). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.