Short Interest in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Grows By 130.6%

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 22,244 shares, a growth of 130.6% from the December 31st total of 9,646 shares. Based on an average trading volume of 17,026 shares, the short-interest ratio is presently 1.3 days. Approximately 1.3% of the company’s stock are sold short. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 17,026 shares, the short-interest ratio is presently 1.3 days.

First Trust SMID Capital Strength ETF Stock Down 0.2%

NASDAQ:FSCS traded down $0.08 during trading hours on Thursday, reaching $36.56. The company had a trading volume of 3,502 shares, compared to its average volume of 12,890. First Trust SMID Capital Strength ETF has a twelve month low of $30.22 and a twelve month high of $37.66. The firm has a market cap of $60.32 million, a price-to-earnings ratio of 16.57 and a beta of 1.03. The business’s 50-day simple moving average is $36.25 and its two-hundred day simple moving average is $36.25.

First Trust SMID Capital Strength ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.1035 per share. This is an increase from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.41 dividend on an annualized basis and a yield of 1.1%.

Institutional Investors Weigh In On First Trust SMID Capital Strength ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in shares of First Trust SMID Capital Strength ETF during the first quarter worth about $550,000. NewEdge Advisors LLC boosted its stake in First Trust SMID Capital Strength ETF by 312.4% during the 2nd quarter. NewEdge Advisors LLC now owns 347,221 shares of the company’s stock valued at $12,410,000 after purchasing an additional 263,018 shares during the last quarter. Osaic Holdings Inc. increased its holdings in First Trust SMID Capital Strength ETF by 254.9% during the 2nd quarter. Osaic Holdings Inc. now owns 41,286 shares of the company’s stock worth $1,476,000 after purchasing an additional 29,653 shares in the last quarter. CWM LLC purchased a new stake in shares of First Trust SMID Capital Strength ETF in the third quarter worth approximately $30,000. Finally, Envestnet Asset Management Inc. raised 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 worth $303,000 after purchasing an additional 550 shares during the last quarter.

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.