First Trust Growth Strength ETF (NASDAQ:FTGS) Stock Short Interest Falls 37.8%

First Trust Growth Strength ETF (NASDAQ:FTGS) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 36,446 shares, a decline of 37.8% from the September 30th total of 58,607 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 121,344 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Orion Capital Management LLC acquired a new position in First Trust Growth Strength ETF in the 2nd quarter valued at approximately $27,000. NI Acquisitions Company LLC purchased a new stake in First Trust Growth Strength ETF in the 2nd quarter worth approximately $42,000. Root Financial Partners LLC purchased a new stake in First Trust Growth Strength ETF in the 3rd quarter worth approximately $51,000. POM Investment Strategies LLC boosted its stake in shares of First Trust Growth Strength ETF by 226.9% during the 2nd quarter. POM Investment Strategies LLC now owns 1,386 shares of the company’s stock valued at $51,000 after buying an additional 962 shares during the period. Finally, Albion Financial Group UT acquired a new stake in shares of First Trust Growth Strength ETF during the 3rd quarter valued at $217,000.

First Trust Growth Strength ETF Price Performance

NASDAQ FTGS opened at $37.76 on Wednesday. The company’s 50 day simple moving average is $38.33 and its 200 day simple moving average is $37.02. First Trust Growth Strength ETF has a 12 month low of $33.00 and a 12 month high of $40.12. The company has a market capitalization of $1.28 billion, a P/E ratio of 23.90 and a beta of 1.02.

First Trust Growth Strength ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.0088 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, September 24th.

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.