Short Interest in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Declines By 71.2%

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 7,001 shares, a drop of 71.2% from the August 15th total of 24,324 shares. Based on an average daily volume of 6,858 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the company’s stock are sold short.

First Trust SMID Capital Strength ETF Trading Up 0.6%

Shares of FSCS traded up $0.21 during midday trading on Friday, reaching $36.84. 30,880 shares of the company were exchanged, compared to its average volume of 6,331. First Trust SMID Capital Strength ETF has a 1-year low of $34.30 and a 1-year high of $38.54. The stock has a 50-day moving average price of $37.56 and a 200-day moving average price of $36.53. The company has a market cap of $57.10 million, a price-to-earnings ratio of 16.57 and a beta of 0.88.

First Trust SMID Capital Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1219 per share. This is a boost from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.49 annualized dividend and a yield of 1.3%.

Institutional Trading of First Trust SMID Capital Strength ETF

Several large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in First Trust SMID Capital Strength ETF in the second quarter valued at approximately $38,000. Equitable Holdings Inc. acquired a new position in shares of First Trust SMID Capital Strength ETF during the third quarter worth $274,000. Envestnet Asset Management Inc. boosted its stake in shares of First Trust SMID Capital Strength ETF by 7.1% in the third quarter. Envestnet Asset Management Inc. now owns 8,257 shares of the company’s stock valued at $303,000 after purchasing an additional 550 shares during the period. Cetera Investment Advisers boosted its stake in shares of First Trust SMID Capital Strength ETF by 10.7% in the fourth quarter. Cetera Investment Advisers now owns 8,584 shares of the company’s stock valued at $307,000 after purchasing an additional 829 shares during the period. Finally, Two Sigma Investments LP grew its holdings in First Trust SMID Capital Strength ETF by 20.8% during the 3rd quarter. Two Sigma Investments LP now owns 12,200 shares of the company’s stock valued at $448,000 after purchasing an additional 2,100 shares in the last quarter.

About First Trust SMID Capital Strength ETF

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.