First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 312 shares, a drop of 46.4% from the August 15th total of 582 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 1,521 shares, the days-to-cover ratio is presently 0.2 days.
First Trust S&P 500 Diversified Free Cash Flow ETF Price Performance
FCFY stock traded up $0.33 during trading on Thursday, reaching $30.46. 383 shares of the company were exchanged, compared to its average volume of 603. The company has a market capitalization of $30.43 million, a price-to-earnings ratio of 14.24 and a beta of 0.96. The company has a 50-day moving average of $29.50 and a two-hundred day moving average of $27.69. First Trust S&P 500 Diversified Free Cash Flow ETF has a twelve month low of $24.92 and a twelve month high of $31.01.
Institutional Inflows and Outflows
A hedge fund recently raised its position in First Trust S&P 500 Diversified Free Cash Flow ETF stock. Citadel Advisors LLC raised its position in First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Free Report) by 17.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 20,304 shares of the company’s stock after acquiring an additional 3,081 shares during the period. Citadel Advisors LLC owned approximately 40.61% of First Trust S&P 500 Diversified Free Cash Flow ETF worth $548,000 as of its most recent filing with the SEC.
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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