First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Short Interest Down 52.0% in August

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 73 shares, a drop of 52.0% from the August 15th total of 152 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 792 shares, the days-to-cover ratio is presently 0.1 days.

First Trust SMID Growth Strength ETF Price Performance

NASDAQ:FSGS opened at $32.80 on Monday. First Trust SMID Growth Strength ETF has a one year low of $28.35 and a one year high of $34.15. The business has a fifty day moving average price of $33.01 and a 200-day moving average price of $31.41. The firm has a market capitalization of $31.16 million, a price-to-earnings ratio of 18.32 and a beta of 0.96.

First Trust SMID Growth Strength ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.0102 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in shares of First Trust SMID Growth Strength ETF during the 4th quarter valued at approximately $73,000. Western Wealth Management LLC raised its stake in 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 acquiring an additional 577 shares during the period. Susquehanna International Group LLP lifted 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 valued at $1,312,000 after purchasing an additional 15,668 shares in the last quarter. Citadel Advisors LLC lifted its holdings in First Trust SMID Growth Strength ETF by 7.2% during the third quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock valued at $1,103,000 after purchasing an additional 2,361 shares in the last quarter. Finally, Osaic Holdings Inc. bought a new position in shares of First Trust SMID Growth Strength ETF in the second quarter worth approximately $168,000.

First Trust SMID Growth Strength ETF Company Profile

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.