First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Large Growth in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 45,712 shares, an increase of 109.4% from the November 30th total of 21,835 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 540,264 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 540,264 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Capital Strength ETF Price Performance

First Trust Capital Strength ETF stock traded down $0.02 during midday trading on Friday, hitting $93.63. The company’s stock had a trading volume of 161,503 shares, compared to its average volume of 331,060. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 21.51 and a beta of 0.80. First Trust Capital Strength ETF has a 1-year low of $80.65 and a 1-year high of $94.37. The company has a 50-day moving average price of $92.25 and a two-hundred day moving average price of $92.08.

First Trust Capital Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a $0.2607 dividend. The ex-dividend date is Friday, December 12th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%.

Hedge Funds Weigh In On First Trust Capital Strength ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Huntleigh Advisors Inc. lifted its position in shares of First Trust Capital Strength ETF by 2.0% during the 3rd quarter. Huntleigh Advisors Inc. now owns 5,940 shares of the company’s stock valued at $556,000 after acquiring an additional 114 shares during the period. HBW Advisory Services LLC grew its position in First Trust Capital Strength ETF by 2.0% in the second quarter. HBW Advisory Services LLC now owns 5,981 shares of the company’s stock valued at $544,000 after acquiring an additional 119 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in First Trust Capital Strength ETF by 1.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 10,418 shares of the company’s stock worth $947,000 after acquiring an additional 127 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of First Trust Capital Strength ETF by 1.1% in the third quarter. Savant Capital LLC now owns 11,899 shares of the company’s stock worth $1,114,000 after acquiring an additional 128 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of First Trust Capital Strength ETF by 26.4% in the second quarter. Hazlett Burt & Watson Inc. now owns 618 shares of the company’s stock worth $56,000 after acquiring an additional 129 shares during the last quarter.

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.