First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Short Interest Up 95.6% in March

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 13,300 shares, an increase of 95.6% from the March 15th total of 6,800 shares. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.7% of the shares of the company are short sold.

First Trust SMID Capital Strength ETF Price Performance

Shares of FSCS stock traded up $0.18 on Friday, hitting $32.90. 29,164 shares of the stock traded hands, compared to its average volume of 4,141. The company has a market capitalization of $26.32 million, a PE ratio of 16.34 and a beta of 1.06. The company’s fifty day moving average is $34.42 and its 200 day moving average is $35.64. First Trust SMID Capital Strength ETF has a 1-year low of $30.22 and a 1-year high of $38.61.

First Trust SMID Capital Strength ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.0389 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, March 27th.

Hedge Funds Weigh In On First Trust SMID Capital Strength ETF

A number of large investors have recently bought and sold shares of FSCS. Pinnacle Bancorp Inc. bought a new position in First Trust SMID Capital Strength ETF during the 4th quarter worth $31,000. Allworth Financial LP bought a new position in shares of First Trust SMID Capital Strength ETF during the fourth quarter worth about $32,000. Global Retirement Partners LLC acquired a new stake in shares of First Trust SMID Capital Strength ETF in the 4th quarter worth about $35,000. GPS Wealth Strategies Group LLC bought a new stake in First Trust SMID Capital Strength ETF in the 1st quarter valued at about $38,000. Finally, Geneos Wealth Management Inc. acquired a new position in First Trust SMID Capital Strength ETF during the 4th quarter valued at about $39,000.

First Trust SMID Capital Strength ETF Company Profile

The First Trust SMID Capital Strength ETF (FSCS) is an exchange-traded fund that is based on the The SMID Capital Strength index. The fund tracks an equal-weighted index of 100 well-capitalized small- and mid-cap US companies perceived to hold strong market positions. FSCS was launched on Jun 20, 2017 and is issued by First Trust.