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 significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 19,535 shares, a decline of 42.3% from the April 15th total of 33,838 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 9,098 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On First Trust New Constructs Core Earnings Leaders ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FTCE. Thoroughbred Financial Services LLC acquired a new position in First Trust New Constructs Core Earnings Leaders ETF in the fourth quarter valued at $767,000. Harbour Investments Inc. acquired a new position in First Trust New Constructs Core Earnings Leaders ETF in the fourth quarter valued at $337,000. Accurate Wealth Management LLC lifted its holdings in First Trust New Constructs Core Earnings Leaders ETF by 109.5% in the fourth quarter. Accurate Wealth Management LLC now owns 25,645 shares of the company’s stock valued at $654,000 after buying an additional 13,403 shares during the period. Finally, Luken Investment Analytics LLC lifted its holdings in First Trust New Constructs Core Earnings Leaders ETF by 34.9% in the fourth quarter. Luken Investment Analytics LLC now owns 25,170 shares of the company’s stock valued at $627,000 after buying an additional 6,510 shares during the period.

First Trust New Constructs Core Earnings Leaders ETF Stock Performance

Shares of NYSEARCA:FTCE traded up $0.09 during mid-day trading on Monday, reaching $26.26. 4,185 shares of the company’s stock were exchanged, compared to its average volume of 15,081. The firm has a market capitalization of $73.53 million, a price-to-earnings ratio of 23.72 and a beta of 0.91. The business’s fifty day moving average price is $24.75 and its 200-day moving average price is $24.87. First Trust New Constructs Core Earnings Leaders ETF has a twelve month low of $20.39 and a twelve month high of $26.39.

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.