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

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 64,633 shares, a drop of 74.3% from the June 30th total of 251,824 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 489,683 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Capital Strength ETF Stock Up 1.3%

Shares of FTCS traded up $1.26 during mid-day trading on Friday, hitting $97.39. 607,525 shares of the company’s stock were exchanged, compared to its average volume of 592,189. The firm has a fifty day moving average of $94.70 and a two-hundred day moving average of $94.97. First Trust Capital Strength ETF has a twelve month low of $89.76 and a twelve month high of $99.74. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 21.51 and a beta of 0.71.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.2636 per share. This represents a $1.05 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Capital Strength ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Investors Research Corp bought a new position in shares of First Trust Capital Strength ETF in the 2nd quarter valued at approximately $16,354,000. Heck Capital Advisors LLC grew its holdings in First Trust Capital Strength ETF by 2.2% during the second quarter. Heck Capital Advisors LLC now owns 187,487 shares of the company’s stock valued at $17,609,000 after purchasing an additional 4,093 shares during the last quarter. City Holding Co. raised its position in shares of First Trust Capital Strength ETF by 6.0% in the second quarter. City Holding Co. now owns 10,383 shares of the company’s stock valued at $975,000 after purchasing an additional 590 shares during the period. Allied Private Wealth LLC acquired a new stake in shares of First Trust Capital Strength ETF in the second quarter worth $101,000. Finally, First Heartland Consultants Inc. boosted its holdings in shares of First Trust Capital Strength ETF by 15.0% during the 2nd quarter. First Heartland Consultants Inc. now owns 4,592 shares of the company’s stock worth $431,000 after buying an additional 598 shares during the period.

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.