First Trust Growth Strength ETF (NASDAQ:FTGS) Short Interest Up 61.5% in August

First Trust Growth Strength ETF (NASDAQ:FTGS) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 48,732 shares, an increase of 61.5% from the July 30th total of 30,173 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 98,536 shares, the short-interest ratio is presently 0.5 days.

First Trust Growth Strength ETF Stock Down 0.4%

Shares of FTGS traded down $0.17 during midday trading on Wednesday, reaching $38.51. The company had a trading volume of 29,074 shares, compared to its average volume of 133,581. First Trust Growth Strength ETF has a 1-year low of $33.00 and a 1-year high of $40.12. The stock has a market cap of $1.30 billion, a PE ratio of 23.90 and a beta of 1.01. The firm has a 50 day simple moving average of $38.45 and a 200-day simple moving average of $36.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FTGS. Orion Capital Management LLC acquired a new stake in First Trust Growth Strength ETF during the 2nd quarter worth approximately $27,000. Rothschild Investment LLC acquired a new stake in shares of First Trust Growth Strength ETF in the fourth quarter valued at $28,000. Allworth Financial LP purchased a new position in First Trust Growth Strength ETF in the third quarter valued at $32,000. Cullen Frost Bankers Inc. grew its stake in First Trust Growth Strength ETF by 58.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock worth $37,000 after purchasing an additional 385 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in First Trust Growth Strength ETF by 100.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock worth $40,000 after purchasing an additional 557 shares in the last quarter.

First Trust Growth Strength ETF Company Profile

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.