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

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 64,633 shares, a drop of 74.3% from the June 30th total of 251,824 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 489,683 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Eastern Bank purchased a new position in shares of First Trust Capital Strength ETF during the second quarter worth $27,000. Caitlin John LLC raised its holdings in shares of First Trust Capital Strength ETF by 288.0% in the fourth quarter. Caitlin John LLC now owns 291 shares of the company’s stock valued at $27,000 after buying an additional 216 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in First Trust Capital Strength ETF by 492.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after buying an additional 246 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of First Trust Capital Strength ETF by 140.0% in the fourth quarter. Parallel Advisors LLC now owns 300 shares of the company’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. Finally, BOKF NA acquired a new stake in shares of First Trust Capital Strength ETF in the third quarter valued at about $28,000.

First Trust Capital Strength ETF Price Performance

Shares of NASDAQ:FTCS opened at $98.48 on Tuesday. First Trust Capital Strength ETF has a 1 year low of $89.76 and a 1 year high of $99.74. The firm has a market capitalization of $7.89 billion, a P/E ratio of 21.51 and a beta of 0.71. The business’s 50-day moving average is $94.79 and its 200 day moving average is $95.00.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.2636 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.1%.

About First Trust Capital Strength ETF

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.