First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Short Interest Update

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 7,001 shares, a drop of 71.2% from the August 15th total of 24,324 shares. Based on an average trading volume of 6,858 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the company’s shares are short sold.

First Trust SMID Capital Strength ETF Trading Up 0.6%

NASDAQ:FSCS traded up $0.21 on Friday, hitting $36.84. 30,880 shares of the stock were exchanged, compared to its average volume of 6,331. The stock has a market cap of $57.10 million, a PE ratio of 16.57 and a beta of 0.88. The stock has a fifty day moving average of $37.56 and a 200-day moving average of $36.53. First Trust SMID Capital Strength ETF has a fifty-two week low of $34.30 and a fifty-two week high of $38.54.

First Trust SMID Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.1219 per share. This represents a $0.49 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.09.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in First Trust SMID Capital Strength ETF by 7.1% during the third quarter. Envestnet Asset Management Inc. now owns 8,257 shares of the company’s stock valued at $303,000 after buying an additional 550 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of First Trust SMID Capital Strength ETF by 4.7% in the first quarter. Sanctuary Advisors LLC now owns 14,635 shares of the company’s stock worth $515,000 after acquiring an additional 659 shares in the last quarter. Cetera Investment Advisers increased its position in shares of First Trust SMID Capital Strength ETF by 10.7% in the fourth quarter. Cetera Investment Advisers now owns 8,584 shares of the company’s stock worth $307,000 after acquiring an additional 829 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of First Trust SMID Capital Strength ETF in the 2nd quarter valued at $38,000. Finally, Two Sigma Investments LP raised its stake in shares of First Trust SMID Capital Strength ETF by 20.8% in the 3rd quarter. Two Sigma Investments LP now owns 12,200 shares of the company’s stock valued at $448,000 after acquiring an additional 2,100 shares during the period.

First Trust SMID Capital Strength ETF Company Profile

The First Trust SMID Capital Strength ETF (FSCS) is an exchange-traded fund that is based on the The SMID Capital Strength index. The fund tracks an equal-weighted index of 100 well-capitalized small- and mid-cap US companies perceived to hold strong market positions. FSCS was launched on Jun 20, 2017 and is issued by First Trust.