First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Sees Significant Growth in Short Interest

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 493 shares, a growth of 393.0% from the April 30th total of 100 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,338 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of First Trust SMID Growth Strength ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of First Trust SMID Growth Strength ETF during the 4th quarter worth $73,000. Osaic Holdings Inc. acquired a new stake in shares of First Trust SMID Growth Strength ETF during the 2nd quarter worth $168,000. Western Wealth Management LLC increased its holdings in shares of First Trust SMID Growth Strength ETF by 8.3% during the 4th quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock worth $230,000 after buying an additional 577 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of First Trust SMID Growth Strength ETF by 7.2% during the 3rd quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock worth $1,103,000 after buying an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of First Trust SMID Growth Strength ETF by 59.5% during the 3rd quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock worth $1,312,000 after buying an additional 15,668 shares during the last quarter.

First Trust SMID Growth Strength ETF Price Performance

FSGS traded down $0.05 during trading on Friday, hitting $30.90. The company’s stock had a trading volume of 272 shares, compared to its average volume of 1,765. The firm’s 50 day moving average price is $30.32 and its 200-day moving average price is $30.58. The stock has a market cap of $29.36 million, a PE ratio of 18.32 and a beta of 0.97. First Trust SMID Growth Strength ETF has a twelve month low of $28.35 and a twelve month high of $32.08.

First Trust SMID Growth Strength ETF Company Profile

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.