First Trust Growth Strength ETF (NASDAQ:FTGS) Short Interest Update

First Trust Growth Strength ETF (NASDAQ:FTGS) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 29,910 shares, a decrease of 54.9% from the June 30th total of 66,285 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 115,618 shares, the short-interest ratio is currently 0.3 days.

First Trust Growth Strength ETF Price Performance

FTGS traded up $0.15 on Thursday, hitting $37.95. The company had a trading volume of 63,985 shares, compared to its average volume of 138,606. The company’s fifty day moving average price is $37.28 and its 200 day moving average price is $36.19. First Trust Growth Strength ETF has a 1-year low of $33.00 and a 1-year high of $38.65. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02.

Institutional Trading of First Trust Growth Strength ETF

Several large investors have recently modified their holdings of FTGS. Jones Financial Companies Lllp lifted its position in First Trust Growth Strength ETF by 30,257.9% during the 1st quarter. Jones Financial Companies Lllp now owns 28,840 shares of the company’s stock worth $858,000 after acquiring an additional 28,745 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of First Trust Growth Strength ETF in the first quarter valued at about $1,009,000. Jane Street Group LLC grew its position in shares of First Trust Growth Strength ETF by 249.0% in the first quarter. Jane Street Group LLC now owns 36,269 shares of the company’s stock valued at $1,079,000 after purchasing an additional 25,877 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of First Trust Growth Strength ETF by 0.9% in the second quarter. NewEdge Advisors LLC now owns 193,833 shares of the company’s stock worth $6,627,000 after purchasing an additional 1,734 shares during the period. Finally, Betterment LLC increased its stake in shares of First Trust Growth Strength ETF by 150.9% in the second quarter. Betterment LLC now owns 24,040 shares of the company’s stock worth $822,000 after purchasing an additional 14,459 shares during the period.

First Trust Growth Strength ETF Company Profile

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities. FTGS was launched on Oct 25, 2022 and is managed by First Trust.