First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Short Interest Up 2,159.4% in June

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 7,117 shares, a growth of 2,159.4% from the May 31st total of 315 shares. Based on an average daily trading volume, of 9,130 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Trading of First Trust SMID Growth Strength ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP boosted its holdings in First Trust SMID Growth Strength ETF by 59.5% during the third quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock worth $1,312,000 after purchasing an additional 15,668 shares during the last quarter. Citadel Advisors LLC increased its stake in First Trust SMID Growth Strength ETF by 7.2% in the 3rd 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 during the last quarter. Osaic Holdings Inc. purchased a new stake in First Trust SMID Growth Strength ETF in the 2nd quarter valued at about $168,000. Kestra Advisory Services LLC bought a new position in shares of First Trust SMID Growth Strength ETF during the 4th quarter worth approximately $73,000. Finally, Western Wealth Management LLC lifted its position in shares of First Trust SMID Growth Strength ETF by 8.3% during the 4th quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock worth $230,000 after buying an additional 577 shares in the last quarter.

First Trust SMID Growth Strength ETF Stock Down 0.3%

NASDAQ FSGS traded down $0.09 on Thursday, reaching $31.10. The company had a trading volume of 534 shares, compared to its average volume of 2,438. The company’s fifty day moving average is $30.88 and its 200 day moving average is $30.68. First Trust SMID Growth Strength ETF has a 52-week low of $28.35 and a 52-week high of $32.08. The stock has a market capitalization of $29.55 million, a P/E ratio of 18.32 and a beta of 0.96.

First Trust SMID Growth Strength ETF Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be paid a $0.0102 dividend. The ex-dividend date is Thursday, June 25th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%.

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.