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

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 113,987 shares, a growth of 471.6% from the August 31st total of 19,940 shares. Based on an average daily volume of 310,848 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FTCS. Eastern Bank bought a new stake in First Trust Capital Strength ETF in the second quarter worth $27,000. Evelyn Partners Investment Management LLP bought a new position in First Trust Capital Strength ETF during the fourth quarter valued at about $37,000. Signature Equity Partners LLC acquired a new stake in shares of First Trust Capital Strength ETF in the first quarter worth about $46,000. Main Street Group LTD acquired a new stake in shares of First Trust Capital Strength ETF in the first quarter worth about $46,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of First Trust Capital Strength ETF during the 4th quarter worth about $57,000.

First Trust Capital Strength ETF Stock Performance

Shares of NASDAQ FTCS opened at $94.87 on Friday. The business has a 50 day simple moving average of $99.00 and a 200 day simple moving average of $95.69. First Trust Capital Strength ETF has a 52 week low of $89.76 and a 52 week high of $102.93. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 21.51 and a beta of 0.70.

First Trust Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be given a $0.3332 dividend. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636. This represents a $1.33 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 24th.

First Trust Capital Strength ETF Company Profile

First Trust Capital Strength ETF, formerly First Trust Strategic Value Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Credit Suisse U.S. Value Index, Powered by HOLT (the Index). The Index is developed, maintained and sponsored by Credit Suisse Securities (USA) LLC and Credit Suisse Group AG (collectively, the Index Provider). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.