First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Sees Significant Increase in Short Interest

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 493 shares, an increase of 393.0% from the April 30th total of 100 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,338 shares, the short-interest ratio is presently 0.4 days.

First Trust SMID Growth Strength ETF Trading Down 0.0%

NASDAQ:FSGS traded down $0.01 during midday trading on Thursday, reaching $30.85. The company had a trading volume of 282 shares, compared to its average volume of 1,798. The firm has a market capitalization of $29.31 million, a price-to-earnings ratio of 18.32 and a beta of 0.97. The stock’s fifty day simple moving average is $30.27 and its 200-day simple moving average is $30.58. First Trust SMID Growth Strength ETF has a 12-month low of $28.35 and a 12-month high of $32.08.

Institutional Trading of First Trust SMID Growth Strength ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP raised its stake in First Trust SMID Growth Strength ETF by 59.5% in the third quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock valued at $1,312,000 after buying an additional 15,668 shares in the last quarter. Citadel Advisors LLC raised its stake in First Trust SMID Growth Strength ETF by 7.2% in the third quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock valued at $1,103,000 after buying an additional 2,361 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in First Trust SMID Growth Strength ETF in the second quarter valued at $168,000. Kestra Advisory Services LLC acquired a new stake in First Trust SMID Growth Strength ETF in the fourth quarter valued at $73,000. Finally, Western Wealth Management LLC raised its stake in First Trust SMID Growth Strength ETF by 8.3% in the fourth quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock valued at $230,000 after buying an additional 577 shares in the last quarter.

About First Trust SMID Growth Strength ETF

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.