First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Sees Significant Growth in Short Interest

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 7,117 shares, an increase of 2,159.4% from the May 31st total of 315 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 9,130 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP grew its stake in shares of First Trust SMID Growth Strength ETF by 59.5% in the 3rd quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock valued at $1,312,000 after buying an additional 15,668 shares during the period. Osaic Holdings Inc. bought a new position in First Trust SMID Growth Strength ETF in the 2nd quarter valued at $168,000. Kestra Advisory Services LLC bought a new stake in shares of First Trust SMID Growth Strength ETF during the 4th quarter worth $73,000. Citadel Advisors LLC lifted its stake in First Trust SMID Growth Strength ETF by 7.2% in the third quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock valued at $1,103,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Western Wealth Management LLC lifted its position in shares of First Trust SMID Growth Strength ETF by 8.3% during the 4th quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock valued at $230,000 after buying an additional 577 shares during the last quarter.

First Trust SMID Growth Strength ETF Price Performance

First Trust SMID Growth Strength ETF stock opened at $31.10 on Friday. The firm has a market cap of $29.55 million, a P/E ratio of 18.32 and a beta of 0.96. First Trust SMID Growth Strength ETF has a one year low of $28.35 and a one year high of $32.08. The stock’s 50 day moving average is $30.88 and its 200 day moving average is $30.68.

First Trust SMID Growth Strength ETF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a $0.0102 dividend. The ex-dividend date is Thursday, June 25th. This represents a $0.04 annualized dividend and a yield of 0.1%.

First Trust SMID Growth Strength ETF Company Profile

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.