Short Interest in First Trust Capital Strength ETF (NASDAQ:FTCS) Expands By 1,325.9%

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 251,824 shares, an increase of 1,325.9% from the June 15th total of 17,661 shares. Based on an average trading volume of 588,113 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

First Trust Capital Strength ETF Price Performance

Shares of NASDAQ FTCS traded up $0.41 during midday trading on Friday, reaching $96.61. 456,597 shares of the stock traded hands, compared to its average volume of 594,740. The company’s 50 day moving average is $93.92 and its 200 day moving average is $94.73. First Trust Capital Strength ETF has a one year low of $89.39 and a one year high of $99.74. The stock has a market capitalization of $7.86 billion, a PE ratio of 21.51 and a beta of 0.71.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.2636 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.1%.

Institutional Investors Weigh In On First Trust Capital Strength ETF

Several large investors have recently added to or reduced their stakes in the stock. Eastern Bank purchased a new stake in shares of First Trust Capital Strength ETF in the second quarter valued at approximately $27,000. Caitlin John LLC raised its position in First Trust Capital Strength ETF by 288.0% during the 4th quarter. Caitlin John LLC now owns 291 shares of the company’s stock valued at $27,000 after purchasing an additional 216 shares in the last quarter. BOKF NA bought a new stake in First Trust Capital Strength ETF during the 3rd quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of First Trust Capital Strength ETF by 492.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after buying an additional 246 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of First Trust Capital Strength ETF by 140.0% during the 4th quarter. Parallel Advisors LLC now owns 300 shares of the company’s stock worth $28,000 after buying an additional 175 shares in the last quarter.

About First Trust Capital Strength ETF

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.