First Trust Growth Strength ETF (NASDAQ:FTGS) Short Interest Down 62.9% in June

First Trust Growth Strength ETF (NASDAQ:FTGS) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 29,408 shares, a decline of 62.9% from the May 31st total of 79,231 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 109,604 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of First Trust Growth Strength ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new stake in shares of First Trust Growth Strength ETF during the 4th quarter worth approximately $28,000. Capital Investment Advisory Services LLC lifted its stake in shares of First Trust Growth Strength ETF by 6,214.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock valued at $31,000 after purchasing an additional 870 shares during the period. Allworth Financial LP purchased a new stake in First Trust Growth Strength ETF during the third quarter worth $32,000. Cullen Frost Bankers Inc. boosted its holdings in First Trust Growth Strength ETF by 58.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock worth $37,000 after buying an additional 385 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in First Trust Growth Strength ETF by 100.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock worth $40,000 after buying an additional 557 shares in the last quarter.

First Trust Growth Strength ETF Stock Performance

Shares of FTGS opened at $36.74 on Friday. The business’s 50-day moving average is $36.62 and its two-hundred day moving average is $35.87. The company has a market capitalization of $1.25 billion, a P/E ratio of 23.90 and a beta of 1.02. First Trust Growth Strength ETF has a fifty-two week low of $33.00 and a fifty-two week high of $37.92.

First Trust Growth Strength ETF Company Profile

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities. FTGS was launched on Oct 25, 2022 and is managed by First Trust.