Short Interest in First Trust Capital Strength ETF (NASDAQ:FTCS) Expands By 10.3%

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 35,200 shares, an increase of 10.3% from the August 15th total of 31,900 shares. Based on an average daily trading volume, of 321,900 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Capital Strength ETF Price Performance

FTCS traded down $0.40 during midday trading on Wednesday, hitting $90.20. 227,506 shares of the company’s stock traded hands, compared to its average volume of 323,017. The company has a market cap of $9.08 billion, a PE ratio of 21.52 and a beta of 0.86. The stock’s fifty day simple moving average is $87.64 and its 200-day simple moving average is $85.16. First Trust Capital Strength ETF has a one year low of $71.11 and a one year high of $91.17.

First Trust Capital Strength ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.2843 per share. This represents a $1.14 annualized dividend and a yield of 1.26%. The ex-dividend date was Thursday, June 27th.

Hedge Funds Weigh In On First Trust Capital Strength ETF

Institutional investors have recently bought and sold shares of the stock. Davis Capital Management acquired a new position in shares of First Trust Capital Strength ETF during the 2nd quarter valued at about $25,000. Asset Dedication LLC acquired a new position in First Trust Capital Strength ETF in the 2nd quarter valued at $31,000. EverSource Wealth Advisors LLC bought a new position in First Trust Capital Strength ETF in the 2nd quarter worth $32,000. Headlands Technologies LLC acquired a new position in First Trust Capital Strength ETF during the 1st quarter worth $33,000. Finally, Mather Group LLC. acquired a new stake in shares of First Trust Capital Strength ETF in the first quarter valued at about $34,000.

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).