First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Large Growth in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 113,987 shares, an increase of 471.6% from the August 31st total of 19,940 shares. Based on an average trading volume of 310,848 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. lifted its position in shares of First Trust Capital Strength ETF by 19.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,173 shares of the company’s stock worth $1,425,000 after acquiring an additional 2,431 shares in the last quarter. Anchor Investment Management LLC grew its position in shares of First Trust Capital Strength ETF by 366.0% in the second quarter. Anchor Investment Management LLC now owns 5,126 shares of the company’s stock valued at $481,000 after purchasing an additional 4,026 shares in the last quarter. Bullseye Investment Management LLC bought a new stake in shares of First Trust Capital Strength ETF during the 2nd quarter valued at $123,000. MCF Advisors LLC bought a new position in First Trust Capital Strength ETF in the 2nd quarter worth about $755,000. Finally, Integrated Wealth Concepts LLC grew its holdings in First Trust Capital Strength ETF by 61.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 117,987 shares of the company’s stock valued at $11,081,000 after buying an additional 44,848 shares in the last quarter.

First Trust Capital Strength ETF Stock Performance

NASDAQ FTCS traded up $0.33 during trading on Friday, hitting $95.20. 356,522 shares of the company’s stock traded hands, compared to its average volume of 535,208. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 21.51 and a beta of 0.70. First Trust Capital Strength ETF has a 12-month low of $89.76 and a 12-month high of $102.93. The business has a 50 day moving average of $98.97 and a 200-day moving average of $95.69.

First Trust Capital Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be given a $0.3332 dividend. This represents a $1.33 annualized dividend and a dividend yield of 1.4%. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636. The ex-dividend date of this dividend is Thursday, September 24th.

About First Trust Capital Strength ETF

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.