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

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 52,452 shares, an increase of 244.1% from the January 15th total of 15,242 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,970 shares, the short-interest ratio is currently 3.5 days. Based on an average daily trading volume, of 14,970 shares, the short-interest ratio is currently 3.5 days. Currently, 2.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust New Constructs Core Earnings Leaders ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FTCE. Thoroughbred Financial Services LLC bought a new stake in shares of First Trust New Constructs Core Earnings Leaders ETF during the 4th quarter worth approximately $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 raised 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 acquiring an additional 6,510 shares in the last quarter. Finally, Accurate Wealth Management LLC lifted its stake in First Trust New Constructs Core Earnings Leaders ETF by 109.5% in the fourth quarter. Accurate Wealth Management LLC now owns 25,645 shares of the company’s stock valued at $654,000 after acquiring an additional 13,403 shares during the last quarter.

First Trust New Constructs Core Earnings Leaders ETF Stock Performance

NYSEARCA:FTCE traded up $0.13 during trading hours on Friday, hitting $24.93. The stock had a trading volume of 9,846 shares, compared to its average volume of 18,955. The business’s 50 day moving average is $25.17 and its 200-day moving average is $24.29. The company has a market cap of $58.59 million, a price-to-earnings ratio of 23.72 and a beta of 1.12. First Trust New Constructs Core Earnings Leaders ETF has a one year low of $17.26 and a one year high of $25.89.

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.