First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Large Decrease in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 16,159 shares, a drop of 60.2% from the May 14th total of 40,633 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 640,630 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Capital Strength ETF Price Performance

Shares of FTCS traded up $0.37 during midday trading on Friday, hitting $94.53. The stock had a trading volume of 592,152 shares, compared to its average volume of 599,297. First Trust Capital Strength ETF has a 1 year low of $88.70 and a 1 year high of $99.74. The stock’s 50 day moving average is $93.43 and its 200 day moving average is $94.39. The firm has a market cap of $7.92 billion, a PE ratio of 21.51 and a beta of 0.71.

First Trust Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.2873 per share. This represents a $1.15 annualized dividend and a dividend yield of 1.2%. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, March 26th.

Institutional Investors Weigh In On First Trust Capital Strength ETF

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC boosted its stake in shares of First Trust Capital Strength ETF by 93.9% during the first quarter. AQR Capital Management LLC now owns 5,690 shares of the company’s stock valued at $510,000 after purchasing an additional 2,755 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of First Trust Capital Strength ETF by 492.0% in the second quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares during the period. First Trust Advisors LP increased its holdings in First Trust Capital Strength ETF by 43.3% during the 2nd quarter. First Trust Advisors LP now owns 16,738 shares of the company’s stock worth $1,521,000 after purchasing an additional 5,054 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of First Trust Capital Strength ETF by 491.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 68,187 shares of the company’s stock worth $6,198,000 after buying an additional 56,664 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in shares of First Trust Capital Strength ETF during the 2nd quarter worth $511,000.

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.