Short Interest in First Trust Capital Strength ETF (NASDAQ:FTCS) Rises By 370.0%

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 97,300 shares, an increase of 370.0% from the March 15th total of 20,700 shares. Based on an average trading volume of 324,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Kestra Investment Management LLC purchased a new stake in shares of First Trust Capital Strength ETF in the fourth quarter worth approximately $38,000. Mpwm Advisory Solutions LLC bought a new position in shares of First Trust Capital Strength ETF in the fourth quarter worth about $72,000. Knuff & Co LLC acquired a new position in First Trust Capital Strength ETF during the 4th quarter valued at $88,000. Stephens Consulting LLC lifted its position in shares of First Trust Capital Strength ETF by 20.7% in the 4th quarter. Stephens Consulting LLC now owns 1,069 shares of the company’s stock worth $94,000 after acquiring an additional 183 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new stake in First Trust Capital Strength ETF during the fourth quarter worth $99,000.

First Trust Capital Strength ETF Stock Down 0.2 %

First Trust Capital Strength ETF stock traded down $0.20 during midday trading on Tuesday, hitting $87.47. The company’s stock had a trading volume of 125,190 shares, compared to its average volume of 323,951. First Trust Capital Strength ETF has a 12 month low of $80.65 and a 12 month high of $94.23. The stock’s 50-day moving average price is $88.66 and its 200-day moving average price is $89.80. The company has a market capitalization of $8.32 billion, a PE ratio of 22.18 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.2159 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Thursday, March 27th.

About First Trust Capital Strength ETF

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).