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

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 8,015 shares, a drop of 36.0% from the November 30th total of 12,515 shares. Based on an average daily volume of 22,658 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 22,658 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of First Trust International Developed Capital Strength ETF

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. purchased a new position in First Trust International Developed Capital Strength ETF in the third quarter worth $50,000. Farther Finance Advisors LLC bought a new stake in First Trust International Developed Capital Strength ETF during the second quarter worth about $114,000. JPMorgan Chase & Co. boosted its holdings in shares of First Trust International Developed Capital Strength ETF by 221.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,490 shares of the company’s stock worth $216,000 after purchasing an additional 3,781 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of First Trust International Developed Capital Strength ETF by 14.2% during the 2nd quarter. International Assets Investment Management LLC now owns 6,812 shares of the company’s stock valued at $268,000 after purchasing an additional 847 shares during the last quarter. Finally, Coppell Advisory Solutions LLC increased its position in shares of First Trust International Developed Capital Strength ETF by 105.6% during the 1st quarter. Coppell Advisory Solutions LLC now owns 7,277 shares of the company’s stock valued at $279,000 after purchasing an additional 3,738 shares during the last quarter.

First Trust International Developed Capital Strength ETF Price Performance

FICS stock opened at $40.33 on Friday. The company has a 50 day simple moving average of $38.99 and a 200 day simple moving average of $38.86. The stock has a market cap of $229.88 million, a price-to-earnings ratio of 19.87 and a beta of 0.75. First Trust International Developed Capital Strength ETF has a 1 year low of $32.79 and a 1 year high of $40.38.

First Trust International Developed Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a $0.0336 dividend. This represents a $0.13 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, December 12th.

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.