First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) Short Interest Update

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 8,510 shares, a growth of 2,627.6% from the August 31st total of 312 shares. Approximately 17.0% of the shares of the stock are sold short. Based on an average daily volume of 2,923 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust S&P 500 Diversified Free Cash Flow ETF stock. Citadel Advisors LLC increased its holdings in First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) by 17.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,304 shares of the company’s stock after purchasing an additional 3,081 shares during the period. Citadel Advisors LLC owned approximately 40.61% of First Trust S&P 500 Diversified Free Cash Flow ETF worth $548,000 as of its most recent SEC filing.

First Trust S&P 500 Diversified Free Cash Flow ETF Trading Up 0.5%

Shares of NYSEARCA FCFY opened at $29.28 on Friday. The stock’s 50-day moving average is $29.76 and its 200 day moving average is $27.84. The stock has a market cap of $1.46 million, a price-to-earnings ratio of 14.24 and a beta of 0.96. First Trust S&P 500 Diversified Free Cash Flow ETF has a 1-year low of $24.92 and a 1-year high of $31.01.

About First Trust S&P 500 Diversified Free Cash Flow ETF

The First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is an exchange-traded fund that is based on the S&P 500 Sector-Neutral FCF index. The fund tracks an index composed of the largest U.S. companies that are perceived to have strong free cash flow yields in comparison to other firms within the same GICS sector FCFY was launched on Aug 23, 2023 and is issued by First Trust.