First Trust Growth Strength ETF (NASDAQ:FTGS) Stock Short Interest Drops 56.9%

First Trust Growth Strength ETF (NASDAQ:FTGS) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 33,039 shares, a decrease of 56.9% from the August 31st total of 76,693 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 90,905 shares, the short-interest ratio is currently 0.4 days.

First Trust Growth Strength ETF Stock Up 0.1%

Shares of FTGS opened at $38.07 on Wednesday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 23.90 and a beta of 1.01. The business’s 50 day moving average is $38.71 and its two-hundred day moving average is $37.13. First Trust Growth Strength ETF has a 52-week low of $33.00 and a 52-week high of $40.12.

First Trust Growth Strength ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.0088 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, September 24th.

Institutional Investors Weigh In On First Trust Growth Strength ETF

A number of institutional investors have recently modified their holdings of FTGS. LPL Financial LLC grew its holdings in shares of First Trust Growth Strength ETF by 2.7% during the fourth quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock valued at $190,200,000 after purchasing an additional 141,697 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in First Trust Growth Strength ETF by 9.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,085,460 shares of the company’s stock valued at $40,164,000 after purchasing an additional 92,206 shares during the period. Centennial Wealth Advisory LLC boosted its position in First Trust Growth Strength ETF by 73.6% during the 1st quarter. Centennial Wealth Advisory LLC now owns 216,767 shares of the company’s stock valued at $7,380,000 after purchasing an additional 91,927 shares during the period. Gateway Wealth Partners LLC grew its stake in First Trust Growth Strength ETF by 118.2% during the 1st quarter. Gateway Wealth Partners LLC now owns 168,521 shares of the company’s stock worth $5,737,000 after buying an additional 91,304 shares during the last quarter. Finally, Royal Bank of Canada increased its position in First Trust Growth Strength ETF by 16.6% in the first quarter. Royal Bank of Canada now owns 514,094 shares of the company’s stock worth $17,503,000 after buying an additional 73,363 shares during the period.

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.