Short Interest in First Trust International Developed Capital Strength ETF (NASDAQ:FICS) Declines By 46.3%

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 11,262 shares, a decrease of 46.3% from the April 30th total of 20,967 shares. Based on an average daily trading volume, of 37,490 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FICS. Chris Bulman Inc grew its stake in shares of First Trust International Developed Capital Strength ETF by 12.1% in the fourth quarter. Chris Bulman Inc now owns 182,135 shares of the company’s stock worth $7,306,000 after purchasing an additional 19,729 shares in the last quarter. Pursuit Wealth Management LLC bought a new stake in shares of First Trust International Developed Capital Strength ETF during the fourth quarter valued at about $3,040,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust International Developed Capital Strength ETF by 2,958.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 39,827 shares of the company’s stock valued at $1,598,000 after purchasing an additional 38,525 shares in the last quarter. Northbridge Financial Group LLC acquired a new stake in First Trust International Developed Capital Strength ETF in the fourth quarter worth about $1,367,000. Finally, Foundations Investment Advisors LLC acquired a new stake in First Trust International Developed Capital Strength ETF in the third quarter worth about $491,000.

First Trust International Developed Capital Strength ETF Stock Down 1.3%

FICS stock traded down $0.54 during mid-day trading on Monday, reaching $40.47. The company had a trading volume of 595 shares, compared to its average volume of 28,687. First Trust International Developed Capital Strength ETF has a one year low of $37.25 and a one year high of $43.38. The stock has a market capitalization of $222.59 million, a P/E ratio of 19.87 and a beta of 0.72. The stock’s 50-day simple moving average is $40.18 and its two-hundred day simple moving average is $40.16.

First Trust International Developed Capital Strength ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.1948 dividend. This is a boost from First Trust International Developed Capital Strength ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.9%.

First Trust International Developed Capital Strength ETF Company Profile

The First Trust International Developed Cap Strength ETF (FICS) is an exchange-traded fund that mostly invests in total market equity. The First Trust International Developed Capital Strength ETF (the Fund) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called The International Developed Capital Strength IndexSM (the Index). FICS was launched on Dec 15, 2020 and is managed by First Trust.