First Trust International Developed Capital Strength ETF (NASDAQ:FICS) Shares Shorted: Short Interest Up 324.0% in September

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,109 shares, an increase of 324.0% from the August 31st total of 1,205 shares. Based on an average daily trading volume, of 6,214 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust International Developed Capital Strength ETF

A number of hedge funds have recently bought and sold shares of FICS. D.A. Davidson & CO. bought a new stake in shares of First Trust International Developed Capital Strength ETF during the 1st quarter worth approximately $2,515,000. Centennial Wealth Advisory LLC grew its position in First Trust International Developed Capital Strength ETF by 48.4% in the 1st quarter. Centennial Wealth Advisory LLC now owns 146,665 shares of the company’s stock valued at $5,725,000 after acquiring an additional 47,814 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in First Trust International Developed Capital Strength ETF in the 2nd quarter valued at $1,892,000. Northwestern Mutual Wealth Management Co. increased its stake in First Trust International Developed Capital Strength ETF by 2,958.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 39,827 shares of the company’s stock worth $1,598,000 after purchasing an additional 38,525 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of First Trust International Developed Capital Strength ETF during the first quarter worth $1,501,000.

First Trust International Developed Capital Strength ETF Price Performance

NASDAQ:FICS opened at $40.51 on Friday. First Trust International Developed Capital Strength ETF has a 1 year low of $37.25 and a 1 year high of $43.38. The stock’s 50 day simple moving average is $42.04 and its two-hundred day simple moving average is $41.12. The company has a market cap of $200.52 million, a price-to-earnings ratio of 19.87 and a beta of 0.71.

First Trust International Developed Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be issued a $0.1036 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.0%. This is a drop from First Trust International Developed Capital Strength ETF’s previous quarterly dividend of $0.4455. The ex-dividend date of this dividend is Thursday, September 24th.

About First Trust International Developed Capital Strength ETF

The First Trust International Developed Cap Strength ETF (FICS) is an exchange-traded fund that mostly invests in total market equity. The First Trust International Developed Capital Strength ETF (the Fund) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called The International Developed Capital Strength IndexSM (the Index). FICS was launched on Dec 15, 2020 and is managed by First Trust.