First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Significant Drop in Short Interest

by · The Markets Daily

First Trust Capital Strength ETF (NASDAQ:FTCS – Get Free Report) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 35,700 shares, a drop of 39.7% from the September 30th total of 59,200 shares. Based on an average daily trading volume, of 268,800 shares, the short-interest ratio is presently 0.1 days.

First Trust Capital Strength ETF Stock Performance

Shares of NASDAQ FTCS traded down $0.47 during trading on Friday, reaching $90.20. The stock had a trading volume of 193,879 shares, compared to its average volume of 311,164. The stock has a market cap of $8.91 billion, a PE ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a one year low of $71.11 and a one year high of $93.05. The firm’s 50 day moving average price is $90.44 and its two-hundred day moving average price is $86.39.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.2566 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.03 annualized dividend and a yield of 1.14%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Founders Financial Securities LLC lifted its holdings in First Trust Capital Strength ETF by 10.5% in the first quarter. Founders Financial Securities LLC now owns 3,756 shares of the company’s stock worth $322,000 after acquiring an additional 358 shares during the last quarter. Fifth Third Securities Inc. lifted its holdings in shares of First Trust Capital Strength ETF by 0.6% in the 1st quarter. Fifth Third Securities Inc. now owns 544,322 shares of the company’s stock worth $46,621,000 after purchasing an additional 3,194 shares during the last quarter. Kowal Investment Group LLC boosted its position in First Trust Capital Strength ETF by 0.3% during the 1st quarter. Kowal Investment Group LLC now owns 489,910 shares of the company’s stock valued at $41,961,000 after purchasing an additional 1,511 shares during the period. Iams Wealth Management LLC grew its stake in First Trust Capital Strength ETF by 1.1% during the 1st quarter. Iams Wealth Management LLC now owns 40,631 shares of the company’s stock worth $3,409,000 after buying an additional 454 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its position in First Trust Capital Strength ETF by 47.3% in the first quarter. First Trust Direct Indexing L.P. now owns 4,763 shares of the company’s stock worth $408,000 after buying an additional 1,529 shares during the period.

First Trust Capital Strength ETF Company Profile

(Get Free Report)

First Trust Capital Strength ETF, formerly First Trust Strategic Value Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Credit Suisse U.S. Value Index, Powered by HOLT (the Index). The Index is developed, maintained and sponsored by Credit Suisse Securities (USA) LLC and Credit Suisse Group AG (collectively, the Index Provider).

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