First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) Shares Shorted: Short Interest Up 2,627.6% in September

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 8,510 shares, an increase of 2,627.6% from the August 31st total of 312 shares. Based on an average daily trading volume, of 2,923 shares, the days-to-cover ratio is currently 2.9 days. Currently, 17.0% of the shares of the stock are short sold.

First Trust S&P 500 Diversified Free Cash Flow ETF Trading Down 1.3%

Shares of NYSEARCA FCFY traded down $0.39 during trading on Thursday, reaching $29.14. The company had a trading volume of 151 shares, compared to its average volume of 610. First Trust S&P 500 Diversified Free Cash Flow ETF has a twelve month low of $24.92 and a twelve month high of $31.01. The stock has a 50-day moving average price of $29.72 and a two-hundred day moving average price of $27.81. The stock has a market capitalization of $1.46 million, a PE ratio of 14.24 and a beta of 0.96.

Institutional Investors Weigh In On First Trust S&P 500 Diversified Free Cash Flow ETF

A hedge fund recently raised its position in First Trust S&P 500 Diversified Free Cash Flow ETF stock. Triumph Capital Management lifted its position in shares of First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) by 6.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 11,583 shares of the company’s stock after buying an additional 651 shares during the period. Triumph Capital Management owned 23.17% of First Trust S&P 500 Diversified Free Cash Flow ETF worth $313,000 as of its most recent SEC filing.

About First Trust S&P 500 Diversified Free Cash Flow ETF

The First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is an exchange-traded fund that is based on the S&P 500 Sector-Neutral FCF index. The fund tracks an index composed of the largest U.S. companies that are perceived to have strong free cash flow yields in comparison to other firms within the same GICS sector FCFY was launched on Aug 23, 2023 and is issued by First Trust.