First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Significant Increase in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 34,900 shares, a growth of 305.8% from the May 31st total of 8,600 shares. Based on an average trading volume of 304,600 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in shares of First Trust Capital Strength ETF during the first quarter valued at $33,000. Mather Group LLC. bought a new position in First Trust Capital Strength ETF in the 1st quarter worth about $34,000. Hexagon Capital Partners LLC purchased a new position in shares of First Trust Capital Strength ETF during the fourth quarter worth approximately $44,000. EdgeRock Capital LLC purchased a new position in shares of First Trust Capital Strength ETF during the fourth quarter worth approximately $61,000. Finally, Anchor Investment Management LLC purchased a new stake in shares of First Trust Capital Strength ETF in the fourth quarter valued at approximately $64,000.

First Trust Capital Strength ETF Trading Down 0.2 %

Shares of FTCS stock traded down $0.15 during trading hours on Friday, reaching $84.04. 413,274 shares of the stock were exchanged, compared to its average volume of 331,584. First Trust Capital Strength ETF has a 12-month low of $71.11 and a 12-month high of $86.11. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. The company’s 50-day moving average price is $83.59 and its 200-day moving average price is $82.65.

First Trust Capital Strength ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 27th will be given a dividend of $0.2843 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.14 annualized dividend and a dividend yield of 1.35%.

First Trust Capital Strength ETF Company Profile

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).