First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Sees Large Growth in Short Interest

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 7,117 shares, a growth of 2,159.4% from the May 31st total of 315 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 9,130 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On First Trust SMID Growth Strength ETF

A number of hedge funds have recently made changes to their positions in FSGS. Kestra Advisory Services LLC purchased a new position in shares of First Trust SMID Growth Strength ETF in the 4th quarter worth about $73,000. Osaic Holdings Inc. purchased a new stake in First Trust SMID Growth Strength ETF during the second quarter worth about $168,000. Western Wealth Management LLC increased its holdings in First Trust SMID Growth Strength ETF by 8.3% during the fourth quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock worth $230,000 after buying an additional 577 shares during the last quarter. Citadel Advisors LLC increased its holdings in First Trust SMID Growth Strength ETF by 7.2% during the third quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock worth $1,103,000 after buying an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP raised its position in First Trust SMID Growth Strength ETF by 59.5% in the third quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock worth $1,312,000 after acquiring an additional 15,668 shares during the period.

First Trust SMID Growth Strength ETF Stock Down 0.3%

First Trust SMID Growth Strength ETF stock traded down $0.09 during mid-day trading on Thursday, reaching $31.10. 534 shares of the company’s stock were exchanged, compared to its average volume of 2,438. The business’s fifty day simple moving average is $30.88 and its 200 day simple moving average is $30.68. First Trust SMID Growth Strength ETF has a one year low of $28.35 and a one year high of $32.08. The firm has a market capitalization of $29.55 million, a PE ratio of 18.32 and a beta of 0.96.

First Trust SMID Growth Strength ETF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.0102 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%.

About First Trust SMID Growth Strength ETF

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.