First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) Shares Shorted: Short Interest Up 2,627.6% in September

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 8,510 shares, an increase of 2,627.6% from the August 31st total of 312 shares. Approximately 17.0% of the company’s shares are sold short. Based on an average daily volume of 2,923 shares, the short-interest ratio is currently 2.9 days.

First Trust S&P 500 Diversified Free Cash Flow ETF Price Performance

NYSEARCA:FCFY traded down $0.39 during mid-day trading on Thursday, reaching $29.14. The company’s stock had a trading volume of 151 shares, compared to its average volume of 610. The stock has a market cap of $1.46 million, a P/E ratio of 14.24 and a beta of 0.96. The company’s fifty day simple moving average is $29.72 and its two-hundred day simple moving average is $27.81. First Trust S&P 500 Diversified Free Cash Flow ETF has a twelve month low of $24.92 and a twelve month high of $31.01.

Hedge Funds Weigh In On First Trust S&P 500 Diversified Free Cash Flow ETF

An institutional investor recently raised its stake in First Trust S&P 500 Diversified Free Cash Flow ETF stock. Citadel Advisors LLC lifted its position in shares of First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) by 17.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,304 shares of the company’s stock after buying an additional 3,081 shares during the period. Citadel Advisors LLC owned approximately 40.61% of First Trust S&P 500 Diversified Free Cash Flow ETF worth $548,000 as of its most recent SEC filing.

First Trust S&P 500 Diversified Free Cash Flow ETF Company Profile

The First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is an exchange-traded fund that is based on the S&P 500 Sector-Neutral FCF index. The fund tracks an index composed of the largest U.S. companies that are perceived to have strong free cash flow yields in comparison to other firms within the same GICS sector FCFY was launched on Aug 23, 2023 and is issued by First Trust.