Short Interest in First Trust Capital Strength ETF (NASDAQ:FTCS) Drops By 60.2%

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 16,159 shares, a decline of 60.2% from the May 14th total of 40,633 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 640,630 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On First Trust Capital Strength ETF

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in shares of First Trust Capital Strength ETF by 1.5% during the second quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock valued at $155,806,000 after purchasing an additional 25,024 shares during the period. UBS Group AG increased its position in shares of First Trust Capital Strength ETF by 0.8% during the fourth quarter. UBS Group AG now owns 1,420,141 shares of the company’s stock worth $131,380,000 after acquiring an additional 11,966 shares in the last quarter. Royal Bank of Canada increased its position in shares of First Trust Capital Strength ETF by 1.9% during the fourth quarter. Royal Bank of Canada now owns 1,181,806 shares of the company’s stock worth $109,332,000 after acquiring an additional 22,147 shares in the last quarter. Ameriprise Financial Inc. grew its position in First Trust Capital Strength ETF by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock worth $88,750,000 after purchasing an additional 22,849 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of First Trust Capital Strength ETF by 3.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 470,218 shares of the company’s stock valued at $43,501,000 after acquiring an additional 14,814 shares during the period.

First Trust Capital Strength ETF Trading Up 0.4%

FTCS stock traded up $0.37 during midday trading on Friday, hitting $94.53. The stock had a trading volume of 592,152 shares, compared to its average volume of 599,297. The firm has a market cap of $7.92 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 $88.70 and a 1-year high of $99.74. The business has a fifty day moving average price of $93.43 and a two-hundred day moving average price of $94.41.

First Trust Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.2873 dividend. The ex-dividend date was Thursday, March 26th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. This represents a $1.15 annualized dividend and a yield of 1.2%.

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.