First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Short Interest Update

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 19,204 shares, a decline of 32.7% from the February 12th total of 28,522 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 8,565 shares, the days-to-cover ratio is presently 2.2 days. Based on an average trading volume of 8,565 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.8% of the company’s shares are sold short.

First Trust New Constructs Core Earnings Leaders ETF Stock Performance

Shares of First Trust New Constructs Core Earnings Leaders ETF stock remained flat at $24.12 during trading hours on Friday. The stock had a trading volume of 9,052 shares, compared to its average volume of 14,530. The firm has a 50-day moving average of $25.09 and a two-hundred day moving average of $24.59. First Trust New Constructs Core Earnings Leaders ETF has a 1-year low of $17.26 and a 1-year high of $25.89. The company has a market capitalization of $56.68 million, a price-to-earnings ratio of 23.72 and a beta of 1.12.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Thoroughbred Financial Services LLC purchased a new position in First Trust New Constructs Core Earnings Leaders ETF during the 4th quarter worth $767,000. Harbour Investments Inc. acquired a new stake in shares of First Trust New Constructs Core Earnings Leaders ETF in the fourth quarter valued at about $337,000. Luken Investment Analytics LLC grew its position in First Trust New Constructs Core Earnings Leaders ETF by 34.9% during the fourth quarter. Luken Investment Analytics LLC now owns 25,170 shares of the company’s stock worth $627,000 after buying an additional 6,510 shares during the period. Finally, Accurate Wealth Management LLC grew its position in First Trust New Constructs Core Earnings Leaders ETF by 109.5% during the fourth quarter. Accurate Wealth Management LLC now owns 25,645 shares of the company’s stock worth $654,000 after buying an additional 13,403 shares during the period.

About First Trust New Constructs Core Earnings Leaders ETF

The First Trust New Constructs Core Earnings Leaders ETF (FTCE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of companies with high earnings quality, as selected and measured using the Earnings Capture metric. The fund holds 100 securities, representing the top companies within each Bloomberg sector classification. FTCE was launched on Oct 2, 2024 and is issued by First Trust.