First Trust International Developed Capital Strength ETF (NASDAQ:FICS) Sees Large Decline in Short Interest

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 11,262 shares, a decrease of 46.3% from the April 30th total of 20,967 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 37,490 shares, the days-to-cover ratio is currently 0.3 days.

First Trust International Developed Capital Strength ETF Stock Performance

Shares of NASDAQ:FICS remained flat at $40.49 during mid-day trading on Tuesday. 29,445 shares of the company traded hands, compared to its average volume of 28,523. The stock has a market capitalization of $222.70 million, a P/E ratio of 19.87 and a beta of 0.72. First Trust International Developed Capital Strength ETF has a fifty-two week low of $37.25 and a fifty-two week high of $43.38. The firm’s 50-day simple moving average is $40.21 and its 200 day simple moving average is $40.17.

First Trust International Developed Capital Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.1948 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, March 26th. This is a positive change from First Trust International Developed Capital Strength ETF’s previous quarterly dividend of $0.03.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its position in First Trust International Developed Capital Strength ETF by 1.3% in the 1st quarter. Cetera Investment Advisers now owns 411,682 shares of the company’s stock worth $16,070,000 after buying an additional 5,296 shares in the last quarter. CWM LLC lifted its position in First Trust International Developed Capital Strength ETF by 2.9% in the 4th quarter. CWM LLC now owns 370,620 shares of the company’s stock worth $14,866,000 after buying an additional 10,328 shares in the last quarter. Key Financial Inc lifted its position in First Trust International Developed Capital Strength ETF by 1.1% in the 1st quarter. Key Financial Inc now owns 249,690 shares of the company’s stock worth $9,747,000 after buying an additional 2,670 shares in the last quarter. Chris Bulman Inc lifted its position in First Trust International Developed Capital Strength ETF by 12.1% in the 4th quarter. Chris Bulman Inc now owns 182,135 shares of the company’s stock worth $7,306,000 after buying an additional 19,729 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in First Trust International Developed Capital Strength ETF by 4.7% in the 4th quarter. Brookstone Capital Management now owns 166,462 shares of the company’s stock worth $6,677,000 after buying an additional 7,546 shares in the last quarter.

First Trust International Developed Capital Strength ETF Company Profile

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.