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

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 73 shares, a drop of 52.0% from the August 15th total of 152 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 792 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in First Trust SMID Growth Strength ETF during the 4th quarter valued at approximately $73,000. Osaic Holdings Inc. purchased a new position in shares of First Trust SMID Growth Strength ETF in the second quarter worth $168,000. Western Wealth Management LLC lifted its holdings in shares of First Trust SMID Growth Strength ETF by 8.3% in 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 in the last quarter. Citadel Advisors LLC boosted its position in shares of 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 acquiring an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its position in shares of First Trust SMID Growth Strength ETF by 59.5% during 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 last quarter.

First Trust SMID Growth Strength ETF Stock Down 0.1%

Shares of First Trust SMID Growth Strength ETF stock opened at $32.80 on Monday. The company has a market capitalization of $31.16 million, a price-to-earnings ratio of 18.32 and a beta of 0.96. The stock’s 50-day simple moving average is $33.01 and its 200-day simple moving average is $31.41. First Trust SMID Growth Strength ETF has a 52 week low of $28.35 and a 52 week high of $34.15.

First Trust SMID Growth Strength ETF Dividend Announcement

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

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.