First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Significant Decrease in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 54,590 shares, a drop of 52.1% from the September 15th total of 113,987 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 330,635 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FTCS. B. Riley Wealth Advisors Inc. bought a new stake in shares of First Trust Capital Strength ETF during the 3rd quarter worth about $2,539,000. Cascade Investment Group Inc. bought a new position in shares of First Trust Capital Strength ETF in the third quarter valued at approximately $524,000. First Heartland Consultants Inc. bought a new position in shares of First Trust Capital Strength ETF in the third quarter valued at approximately $417,000. Wisconsin Wealth Advisors LLC lifted its stake in shares of First Trust Capital Strength ETF by 1.2% in the third quarter. Wisconsin Wealth Advisors LLC now owns 27,184 shares of the company’s stock worth $2,551,000 after buying an additional 318 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings in First Trust Capital Strength ETF by 34.8% in the 3rd quarter. CoreCap Advisors LLC now owns 546 shares of the company’s stock worth $51,000 after acquiring an additional 141 shares during the period.

First Trust Capital Strength ETF Stock Up 1.3%

Shares of FTCS stock traded up $1.21 during trading hours on Wednesday, reaching $97.52. 627,221 shares of the stock traded hands, compared to its average volume of 527,349. First Trust Capital Strength ETF has a 1-year low of $89.76 and a 1-year high of $102.93. The firm has a market capitalization of $7.64 billion, a PE ratio of 21.51 and a beta of 0.70. The business has a fifty day moving average price of $98.18 and a 200 day moving average price of $95.77.

First Trust Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.3332 dividend. The ex-dividend date was Thursday, September 24th. This represents a $1.33 annualized dividend and a yield of 1.4%. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636.

About First Trust Capital Strength ETF

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.