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 target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 11,262 shares, a decline of 46.3% from the April 30th total of 20,967 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 37,490 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. VestGen Advisors LLC bought a new stake in shares of First Trust International Developed Capital Strength ETF during the 4th quarter valued at about $3,544,000. Pursuit Wealth Management LLC acquired a new position in First Trust International Developed Capital Strength ETF in the fourth quarter valued at approximately $3,040,000. D.A. Davidson & CO. bought a new position in shares of First Trust International Developed Capital Strength ETF during the first quarter valued at approximately $2,515,000. Jane Street Group LLC grew its holdings in shares of First Trust International Developed Capital Strength ETF by 188.3% during the second quarter. Jane Street Group LLC now owns 91,181 shares of the company’s stock valued at $3,588,000 after purchasing an additional 59,553 shares during the last quarter. Finally, Centennial Wealth Advisory LLC raised its position in shares of First Trust International Developed Capital Strength ETF by 48.4% during the 1st quarter. Centennial Wealth Advisory LLC now owns 146,665 shares of the company’s stock worth $5,725,000 after purchasing an additional 47,814 shares during the period.

First Trust International Developed Capital Strength ETF Price Performance

FICS traded down $0.54 during trading hours on Monday, hitting $40.47. 595 shares of the stock were exchanged, compared to its average volume of 28,687. The stock has a 50-day simple moving average of $40.18 and a 200-day simple moving average of $40.16. First Trust International Developed Capital Strength ETF has a 12 month low of $37.25 and a 12 month high of $43.38. The stock has a market cap of $222.59 million, a price-to-earnings ratio of 19.87 and a beta of 0.72.

First Trust International Developed Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.1948 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change 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.

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.