First Trust Capital Strength ETF (NASDAQ:FTCS) Short Interest Update

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 113,987 shares, a growth of 471.6% from the August 31st total of 19,940 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 310,848 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Capital Strength ETF Stock Down 0.8%

Shares of FTCS stock opened at $94.87 on Friday. First Trust Capital Strength ETF has a 12 month low of $89.76 and a 12 month high of $102.93. The business’s 50 day moving average is $99.00 and its two-hundred day moving average is $95.69. The company has a market cap of $7.47 billion, a PE ratio of 21.51 and a beta of 0.70.

First Trust Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be paid a $0.3332 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 24th. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FTCS. Eastern Bank bought a new stake in First Trust Capital Strength ETF during the second quarter valued at about $27,000. Evelyn Partners Investment Management LLP acquired a new stake in shares of First Trust Capital Strength ETF in the fourth quarter valued at about $37,000. Signature Equity Partners LLC bought a new position in shares of First Trust Capital Strength ETF in the first quarter worth about $46,000. Main Street Group LTD bought a new position in shares of First Trust Capital Strength ETF in the first quarter worth about $46,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of First Trust Capital Strength ETF during the 4th quarter worth about $57,000.

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.