Short Interest in First Trust Capital Strength ETF (NASDAQ:FTCS) Rises By 109.4%

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 45,712 shares, an increase of 109.4% from the November 30th total of 21,835 shares. Based on an average daily volume of 540,264 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 540,264 shares, the short-interest ratio is presently 0.1 days.

First Trust Capital Strength ETF Stock Down 0.0%

NASDAQ FTCS traded down $0.02 on Friday, reaching $93.63. 161,503 shares of the stock traded hands, compared to its average volume of 331,060. First Trust Capital Strength ETF has a 12 month low of $80.65 and a 12 month high of $94.37. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 21.51 and a beta of 0.80. The firm’s fifty day simple moving average is $92.25 and its 200 day simple moving average is $92.09.

First Trust Capital Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a $0.2607 dividend. This represents a $1.04 annualized dividend and a yield of 1.1%. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, December 12th.

Institutional Trading of First Trust Capital Strength ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stillwater Wealth Management Group acquired a new position in First Trust Capital Strength ETF in the third quarter worth approximately $1,606,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of First Trust Capital Strength ETF during the 3rd quarter worth $346,000. CIBC Private Wealth Group LLC grew its holdings in shares of First Trust Capital Strength ETF by 175.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,471 shares of the company’s stock worth $231,000 after acquiring an additional 1,575 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of First Trust Capital Strength ETF during the third quarter worth $231,000. Finally, Tcfg Wealth Management LLC purchased a new stake in shares of First Trust Capital Strength ETF during the third quarter valued at $2,998,000.

About First Trust Capital Strength ETF

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.