Short Interest in First Trust Growth Strength ETF (NASDAQ:FTGS) Rises By 229.4%

First Trust Growth Strength ETF (NASDAQ:FTGS) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 18,811 shares, an increase of 229.4% from the April 15th total of 5,711 shares. Based on an average daily volume of 98,301 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FTGS. Mach 1 Financial Group LLC acquired a new position in First Trust Growth Strength ETF in the fourth quarter valued at approximately $17,438,000. Raymond James Financial Inc. lifted its holdings in First Trust Growth Strength ETF by 31.1% in the third quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock valued at $56,016,000 after acquiring an additional 370,142 shares during the last quarter. LPL Financial LLC lifted its holdings in First Trust Growth Strength ETF by 2.7% in the fourth quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock valued at $190,200,000 after acquiring an additional 141,697 shares during the last quarter. Key Client Fiduciary Advisors LLC acquired a new position in First Trust Growth Strength ETF in the fourth quarter valued at approximately $4,982,000. Finally, VestGen Advisors LLC lifted its holdings in First Trust Growth Strength ETF by 118.2% in the fourth quarter. VestGen Advisors LLC now owns 259,184 shares of the company’s stock valued at $9,162,000 after acquiring an additional 140,401 shares during the last quarter.

First Trust Growth Strength ETF Price Performance

Shares of NASDAQ:FTGS traded down $0.17 during midday trading on Friday, hitting $36.11. The company had a trading volume of 146,374 shares, compared to its average volume of 154,848. First Trust Growth Strength ETF has a twelve month low of $32.00 and a twelve month high of $37.04. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 23.90 and a beta of 1.03. The business’s 50-day simple moving average is $35.35 and its 200-day simple moving average is $35.49.

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.