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

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 58,055 shares, a growth of 27.0% from the December 15th total of 45,712 shares. Based on an average trading volume of 353,154 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 353,154 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Capital Strength ETF Trading Down 0.8%

Shares of FTCS stock opened at $95.33 on Tuesday. The firm has a market capitalization of $8.21 billion, a P/E ratio of 21.51 and a beta of 0.80. First Trust Capital Strength ETF has a 1 year low of $80.65 and a 1 year high of $96.43. The firm’s fifty day simple moving average is $92.95 and its 200 day simple moving average is $92.55.

First Trust Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.2607 per share. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th.

Hedge Funds Weigh In On First Trust Capital Strength ETF

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position 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. Silver Oak Securities Incorporated boosted its stake in First Trust Capital Strength ETF by 1.1% during the second quarter. Silver Oak Securities Incorporated now owns 430,311 shares of the company’s stock worth $39,111,000 after buying an additional 4,767 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in First Trust Capital Strength ETF by 12.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 13,482 shares of the company’s stock valued at $1,225,000 after buying an additional 1,524 shares during the period. Abound Wealth Management acquired a new position in shares of First Trust Capital Strength ETF in the 2nd quarter valued at $32,000. Finally, Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Capital Strength ETF during the 2nd quarter worth about $25,000.

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.