First Trust Growth Strength ETF (NASDAQ:FTGS) Shares Shorted: Short Interest Down 56.9% in September

First Trust Growth Strength ETF (NASDAQ:FTGS) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 33,039 shares, a decrease of 56.9% from the August 31st total of 76,693 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 90,905 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On First Trust Growth Strength ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its holdings in shares of First Trust Growth Strength ETF by 2.7% in the 4th quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock worth $190,200,000 after purchasing an additional 141,697 shares during the period. Envestnet Asset Management Inc. grew its holdings in First Trust Growth Strength ETF by 9.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,085,460 shares of the company’s stock valued at $40,164,000 after purchasing an additional 92,206 shares in the last quarter. Centennial Wealth Advisory LLC boosted its holdings in First Trust Growth Strength ETF by 73.6% in the first quarter. Centennial Wealth Advisory LLC now owns 216,767 shares of the company’s stock valued at $7,380,000 after purchasing an additional 91,927 shares during the last quarter. Gateway Wealth Partners LLC grew its position in shares of First Trust Growth Strength ETF by 118.2% during the first quarter. Gateway Wealth Partners LLC now owns 168,521 shares of the company’s stock worth $5,737,000 after buying an additional 91,304 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of First Trust Growth Strength ETF by 16.6% in the 1st quarter. Royal Bank of Canada now owns 514,094 shares of the company’s stock valued at $17,503,000 after purchasing an additional 73,363 shares in the last quarter.

First Trust Growth Strength ETF Trading Up 0.1%

Shares of FTGS traded up $0.05 during trading hours on Tuesday, reaching $38.07. The company had a trading volume of 374,755 shares, compared to its average volume of 133,449. First Trust Growth Strength ETF has a 12-month low of $33.00 and a 12-month high of $40.12. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 23.90 and a beta of 1.01. The firm has a 50 day simple moving average of $38.70 and a 200-day simple moving average of $37.11.

First Trust Growth Strength ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be paid a $0.0088 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, September 24th.

First Trust Growth Strength ETF Company Profile

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities. FTGS was launched on Oct 25, 2022 and is managed by First Trust.