First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Large Decrease in Short Interest

First Trust Growth Strength ETF (NASDAQ:FTGS) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 36,446 shares, a decrease of 37.8% from the September 30th total of 58,607 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 121,344 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Growth Strength ETF Trading Up 0.7%

Shares of NASDAQ FTGS traded up $0.26 during trading on Monday, reaching $37.73. The company had a trading volume of 52,444 shares, compared to its average volume of 131,797. First Trust Growth Strength ETF has a twelve month low of $33.00 and a twelve month high of $40.12. The stock has a market capitalization of $1.28 billion, a PE ratio of 23.90 and a beta of 1.02. The stock has a 50-day moving average price of $38.40 and a two-hundred day moving average price of $37.00.

First Trust Growth Strength ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.0088 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, September 24th.

Institutional Investors Weigh In On First Trust Growth Strength ETF

Several hedge funds have recently modified their holdings of FTGS. Commonwealth Equity Services LLC acquired a new stake in First Trust Growth Strength ETF during the third quarter worth approximately $11,056,000. Integrity Alliance LLC. acquired a new position in First Trust Growth Strength ETF in the third quarter valued at $223,000. Signature Equity Partners LLC lifted its position in First Trust Growth Strength ETF by 1,704.1% during the third quarter. Signature Equity Partners LLC now owns 17,229 shares of the company’s stock worth $653,000 after buying an additional 16,274 shares during the period. Vise Technologies Inc. lifted its position in First Trust Growth Strength ETF by 0.3% during the third quarter. Vise Technologies Inc. now owns 123,051 shares of the company’s stock worth $4,666,000 after buying an additional 361 shares during the period. Finally, MGO One Seven LLC boosted its stake in First Trust Growth Strength ETF by 3.0% in the 3rd quarter. MGO One Seven LLC now owns 20,617 shares of the company’s stock worth $782,000 after buying an additional 607 shares during the last quarter.

About First Trust Growth Strength ETF

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities. FTGS was launched on Oct 25, 2022 and is managed by First Trust.