First Trust Capital Strength ETF (NASDAQ:FTCS) Shares Shorted: Short Interest Up 200.5% in October

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 164,055 shares, an increase of 200.5% from the September 30th total of 54,590 shares. Based on an average daily trading volume, of 400,228 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FTCS. Kestra Advisory Services LLC boosted its holdings in First Trust Capital Strength ETF by 4.4% in the first quarter. Kestra Advisory Services LLC now owns 400,906 shares of the company’s stock valued at $37,188,000 after purchasing an additional 16,831 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of First Trust Capital Strength ETF in the 3rd quarter valued at approximately $26,112,000. Scarborough Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 2.0% in the 1st quarter. Scarborough Advisors LLC now owns 261,092 shares of the company’s stock valued at $24,219,000 after purchasing an additional 5,037 shares in the last quarter. tru Independence LLC boosted its stake in shares of First Trust Capital Strength ETF by 2.6% during the 3rd quarter. tru Independence LLC now owns 204,291 shares of the company’s stock valued at $19,173,000 after buying an additional 5,121 shares during the last quarter. Finally, Heck Capital Advisors LLC boosted its stake in shares of First Trust Capital Strength ETF by 2.2% during the 2nd quarter. Heck Capital Advisors LLC now owns 187,487 shares of the company’s stock valued at $17,609,000 after buying an additional 4,093 shares during the last quarter.

First Trust Capital Strength ETF Stock Performance

First Trust Capital Strength ETF stock opened at $102.27 on Friday. The stock has a fifty day moving average of $98.11 and a two-hundred day moving average of $96.26. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 21.51 and a beta of 0.70. First Trust Capital Strength ETF has a fifty-two week low of $89.76 and a fifty-two week high of $103.58.

First Trust Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.3332 dividend. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636. This represents a $1.33 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 24th.

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.