First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Large Decrease in Short Interest

First Trust Growth Strength ETF (NASDAQ:FTGS) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 29,408 shares, a decrease of 62.9% from the May 31st total of 79,231 shares. Based on an average trading volume of 109,604 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of First Trust Growth Strength ETF

Several institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC purchased a new stake in shares of First Trust Growth Strength ETF in the fourth quarter valued at approximately $28,000. Capital Investment Advisory Services LLC lifted its position in shares of First Trust Growth Strength ETF by 6,214.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock valued at $31,000 after buying an additional 870 shares in the last quarter. Allworth Financial LP purchased a new position in shares of First Trust Growth Strength ETF during the 3rd quarter valued at approximately $32,000. Cullen Frost Bankers Inc. grew its stake in First Trust Growth Strength ETF by 58.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock valued at $37,000 after acquiring an additional 385 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in First Trust Growth Strength ETF by 100.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock valued at $40,000 after acquiring an additional 557 shares during the period.

First Trust Growth Strength ETF Stock Up 1.1%

NASDAQ:FTGS opened at $36.74 on Friday. First Trust Growth Strength ETF has a 52 week low of $33.00 and a 52 week high of $37.92. The stock’s 50-day moving average price is $36.62 and its 200-day moving average price is $35.87. The stock has a market capitalization of $1.25 billion, a PE ratio of 23.90 and a beta of 1.02.

About First Trust Growth Strength ETF

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.