Short Interest in First Trust Capital Strength ETF (NASDAQ:FTCS) Declines By 74.3%

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 64,633 shares, a drop of 74.3% from the June 30th total of 251,824 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 489,683 shares, the short-interest ratio is presently 0.1 days.

First Trust Capital Strength ETF Stock Up 1.1%

NASDAQ:FTCS traded up $1.09 on Monday, reaching $98.48. The stock had a trading volume of 410,848 shares, compared to its average volume of 590,902. The company has a market capitalization of $7.89 billion, a P/E ratio of 21.51 and a beta of 0.71. First Trust Capital Strength ETF has a 1-year low of $89.76 and a 1-year high of $99.74. The stock has a fifty day moving average price of $94.70 and a 200-day moving average price of $94.98.

First Trust Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.2636 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.1%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Investors Research Corp bought a new position in shares of First Trust Capital Strength ETF in the 2nd quarter worth $16,354,000. Heck Capital Advisors LLC grew its stake in shares of First Trust Capital Strength ETF by 2.2% during the second quarter. Heck Capital Advisors LLC now owns 187,487 shares of the company’s stock worth $17,609,000 after purchasing an additional 4,093 shares during the period. City Holding Co. increased its holdings in First Trust Capital Strength ETF by 6.0% in the second quarter. City Holding Co. now owns 10,383 shares of the company’s stock valued at $975,000 after purchasing an additional 590 shares during the last quarter. Allied Private Wealth LLC bought a new stake in First Trust Capital Strength ETF in the second quarter valued at about $101,000. Finally, First Heartland Consultants Inc. increased its holdings in First Trust Capital Strength ETF by 15.0% in the second quarter. First Heartland Consultants Inc. now owns 4,592 shares of the company’s stock valued at $431,000 after purchasing an additional 598 shares during the last quarter.

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.