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

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 541,200 shares, an increase of 456.2% from the March 31st total of 97,300 shares. Based on an average trading volume of 322,300 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.6% of the shares of the stock are short sold.

First Trust Capital Strength ETF Trading Down 0.4 %

FTCS opened at $86.91 on Friday. The company’s 50 day moving average is $88.06 and its 200-day moving average is $89.56. The company has a market cap of $8.11 billion, a P/E ratio of 22.18 and a beta of 0.86. First Trust Capital Strength ETF has a 1-year low of $80.66 and a 1-year high of $94.23.

First Trust Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.2159 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 0.99%.

Institutional Investors Weigh In On First Trust Capital Strength ETF

Several hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of First Trust Capital Strength ETF during the fourth quarter valued at about $494,019,000. GAMMA Investing LLC grew its holdings in First Trust Capital Strength ETF by 9,212.3% during the 1st quarter. GAMMA Investing LLC now owns 867,626 shares of the company’s stock worth $77,774,000 after acquiring an additional 858,309 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in First Trust Capital Strength ETF in the 4th quarter valued at approximately $59,656,000. Bank of America Corp DE raised its stake in shares of First Trust Capital Strength ETF by 57.8% during the fourth quarter. Bank of America Corp DE now owns 1,714,864 shares of the company’s stock valued at $150,599,000 after acquiring an additional 628,128 shares during the last quarter. Finally, Pollock Investment Advisors LLC acquired a new position in shares of First Trust Capital Strength ETF during the fourth quarter worth $48,383,000.

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).