First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Significant Decrease in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 54,590 shares, a decline of 52.1% from the September 15th total of 113,987 shares. Based on an average daily trading volume, of 330,635 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

First Trust Capital Strength ETF Trading Up 1.3%

FTCS traded up $1.21 on Wednesday, hitting $97.52. 627,221 shares of the company’s stock were exchanged, compared to its average volume of 527,349. The stock has a fifty day moving average of $98.18 and a two-hundred day moving average of $95.77. First Trust Capital Strength ETF has a twelve month low of $89.76 and a twelve month high of $102.93. The firm has a market cap of $7.64 billion, a PE ratio of 21.51 and a beta of 0.70.

First Trust Capital Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.3332 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636.

Institutional Trading of First Trust Capital Strength ETF

Several hedge funds have recently made changes to their positions in the stock. Eastern Bank acquired a new stake in First Trust Capital Strength ETF in the second quarter worth approximately $27,000. Main Street Group LTD acquired a new position in shares of First Trust Capital Strength ETF during the 1st quarter valued at $46,000. Signature Equity Partners LLC acquired a new position in shares of First Trust Capital Strength ETF during the 1st quarter valued at $46,000. CoreCap Advisors LLC raised its stake in shares of First Trust Capital Strength ETF by 34.8% in the 3rd quarter. CoreCap Advisors LLC now owns 546 shares of the company’s stock worth $51,000 after buying an additional 141 shares in the last quarter. Finally, Allied Private Wealth LLC bought a new stake in shares of First Trust Capital Strength ETF in the 2nd quarter worth $101,000.

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.