Short Interest in First Trust Capital Strength ETF (NASDAQ:FTCS) Expands By 1,325.9%

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 251,824 shares, a growth of 1,325.9% from the June 15th total of 17,661 shares. Based on an average daily volume of 588,113 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust Capital Strength ETF

A number of hedge funds have recently made changes to their positions in FTCS. Investors Research Corp purchased a new stake in shares of First Trust Capital Strength ETF during the second quarter worth about $16,354,000. Heck Capital Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 2.2% in the 2nd quarter. Heck Capital Advisors LLC now owns 187,487 shares of the company’s stock valued at $17,609,000 after purchasing an additional 4,093 shares during the last quarter. City Holding Co. raised its position in shares of First Trust Capital Strength ETF by 6.0% in the 2nd quarter. City Holding Co. now owns 10,383 shares of the company’s stock valued at $975,000 after purchasing an additional 590 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in First Trust Capital Strength ETF in the 2nd quarter worth approximately $101,000. Finally, First Heartland Consultants Inc. boosted its stake in First Trust Capital Strength ETF by 15.0% in the 2nd quarter. First Heartland Consultants Inc. now owns 4,592 shares of the company’s stock worth $431,000 after purchasing an additional 598 shares in the last quarter.

First Trust Capital Strength ETF Stock Up 0.4%

FTCS stock traded up $0.41 during trading on Friday, hitting $96.61. 456,597 shares of the company’s stock traded hands, compared to its average volume of 594,740. The firm has a market capitalization of $7.86 billion, a P/E ratio of 21.51 and a beta of 0.71. First Trust Capital Strength ETF has a 1 year low of $89.39 and a 1 year high of $99.74. The business has a fifty day simple moving average of $93.92 and a two-hundred day simple moving average of $94.73.

First Trust Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.2636 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.1%.

First Trust Capital Strength ETF Company Profile

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.