Short Interest in First Trust International Developed Capital Strength ETF (NASDAQ:FICS) Rises By 553.5%

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 54,472 shares, an increase of 553.5% from the December 31st total of 8,335 shares. Based on an average trading volume of 43,289 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.0% of the company’s shares are short sold. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 43,289 shares, the days-to-cover ratio is currently 1.3 days.

First Trust International Developed Capital Strength ETF Stock Down 1.3%

FICS stock traded down $0.53 during trading on Wednesday, hitting $40.45. The company had a trading volume of 10,645 shares, compared to its average volume of 44,890. First Trust International Developed Capital Strength ETF has a 52-week low of $32.79 and a 52-week high of $41.03. The firm has a market capitalization of $226.49 million, a P/E ratio of 19.87 and a beta of 0.75. The company has a 50 day simple moving average of $39.70 and a 200-day simple moving average of $39.01.

First Trust International Developed Capital Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.0336 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.13 dividend on an annualized basis and a yield of 0.3%.

Hedge Funds Weigh In On First Trust International Developed Capital Strength ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pursuit Wealth Management LLC acquired a new position in shares of First Trust International Developed Capital Strength ETF in the fourth quarter valued at about $3,040,000. CWM LLC boosted its stake in shares of First Trust International Developed Capital Strength ETF by 2.9% during the 4th quarter. CWM LLC now owns 370,620 shares of the company’s stock worth $14,866,000 after acquiring an additional 10,328 shares in the last quarter. DHJJ Financial Advisors Ltd. boosted its position in First Trust International Developed Capital Strength ETF by 9.8% during the fourth quarter. DHJJ Financial Advisors Ltd. now owns 21,824 shares of the company’s stock worth $875,000 after purchasing an additional 1,944 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in First Trust International Developed Capital Strength ETF in the 4th quarter valued at $386,000. Finally, Brookstone Capital Management grew its position in shares of First Trust International Developed Capital Strength ETF by 4.7% in the fourth quarter. Brookstone Capital Management now owns 166,462 shares of the company’s stock valued at $6,677,000 after purchasing an additional 7,546 shares during the period.

About First Trust International Developed Capital Strength ETF

The First Trust International Developed Cap Strength ETF (FICS) is an exchange-traded fund that mostly invests in total market equity. The First Trust International Developed Capital Strength ETF (the Fund) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called The International Developed Capital Strength IndexSM (the Index). FICS was launched on Dec 15, 2020 and is managed by First Trust.