Short Interest in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Decreases By 71.2%

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 7,001 shares, a decrease of 71.2% from the August 15th total of 24,324 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 6,858 shares, the short-interest ratio is currently 1.0 days.

First Trust SMID Capital Strength ETF Trading Up 0.1%

FSCS stock traded up $0.05 during midday trading on Monday, reaching $36.81. The company had a trading volume of 1,012 shares, compared to its average volume of 6,301. The company has a 50 day moving average of $37.56 and a two-hundred day moving average of $36.53. First Trust SMID Capital Strength ETF has a 1 year low of $34.30 and a 1 year high of $38.54. The company has a market capitalization of $37.18 million, a P/E ratio of 16.57 and a beta of 0.88.

First Trust SMID Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1219 dividend. This represents a $0.49 dividend on an annualized basis and a yield of 1.3%. This is a boost from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust SMID Capital Strength ETF

A number of large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC raised its holdings in shares of First Trust SMID Capital Strength ETF by 4.7% in the first quarter. Sanctuary Advisors LLC now owns 14,635 shares of the company’s stock valued at $515,000 after buying an additional 659 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of First Trust SMID Capital Strength ETF during the second quarter worth $38,000. Kestra Advisory Services LLC boosted its holdings in First Trust SMID Capital Strength ETF by 20.4% in the first quarter. Kestra Advisory Services LLC now owns 18,122 shares of the company’s stock valued at $638,000 after acquiring an additional 3,071 shares during the last quarter. Cetera Investment Advisers increased its position in First Trust SMID Capital Strength ETF by 57.9% in the first quarter. Cetera Investment Advisers now owns 13,552 shares of the company’s stock worth $477,000 after purchasing an additional 4,968 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in First Trust SMID Capital Strength ETF by 6.7% during the 2nd quarter. NewEdge Advisors LLC now owns 444,338 shares of the company’s stock worth $16,351,000 after purchasing an additional 27,732 shares during the last quarter.

About First Trust SMID Capital Strength ETF

The First Trust SMID Capital Strength ETF (FSCS) is an exchange-traded fund that is based on the The SMID Capital Strength index. The fund tracks an equal-weighted index of 100 well-capitalized small- and mid-cap US companies perceived to hold strong market positions. FSCS was launched on Jun 20, 2017 and is issued by First Trust.