Short Interest in First Trust Capital Strength ETF (NASDAQ:FTCS) Declines By 99.4%

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 200 shares, a decrease of 99.4% from the August 31st total of 35,200 shares. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust Capital Strength ETF

Several hedge funds have recently made changes to their positions in FTCS. Raymond James Financial Services Advisors Inc. raised its position in First Trust Capital Strength ETF by 5.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,407,234 shares of the company’s stock worth $286,344,000 after purchasing an additional 190,799 shares during the period. Cetera Investment Advisers raised its position in First Trust Capital Strength ETF by 195.0% in the 1st quarter. Cetera Investment Advisers now owns 1,563,977 shares of the company’s stock worth $133,955,000 after purchasing an additional 1,033,794 shares during the period. Global Assets Advisory LLC increased its position in shares of First Trust Capital Strength ETF by 8,467.2% during the first quarter. Global Assets Advisory LLC now owns 1,462,679 shares of the company’s stock worth $125,278,000 after acquiring an additional 1,445,606 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of First Trust Capital Strength ETF by 0.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,082,732 shares of the company’s stock worth $90,993,000 after acquiring an additional 7,761 shares during the period. Finally, Stifel Financial Corp increased its position in shares of First Trust Capital Strength ETF by 0.6% during the fourth quarter. Stifel Financial Corp now owns 894,258 shares of the company’s stock worth $71,579,000 after acquiring an additional 5,555 shares during the period.

First Trust Capital Strength ETF Price Performance

Shares of NASDAQ FTCS traded up $0.26 during mid-day trading on Friday, hitting $90.60. 252,335 shares of the company’s stock traded hands, compared to its average volume of 319,506. The company’s 50-day moving average is $88.43 and its two-hundred day moving average is $85.51. The company has a market capitalization of $9.12 billion, a P/E ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a 1 year low of $71.11 and a 1 year high of $91.17.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be given a dividend of $0.2566 per share. This represents a $1.03 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 26th.

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).