First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) Sees Significant Increase in Short Interest

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 8,510 shares, a growth of 2,627.6% from the August 31st total of 312 shares. Based on an average trading volume of 2,923 shares, the short-interest ratio is presently 2.9 days. Approximately 17.0% of the shares of the stock are short sold.

First Trust S&P 500 Diversified Free Cash Flow ETF Stock Down 0.8%

First Trust S&P 500 Diversified Free Cash Flow ETF stock traded down $0.24 during mid-day trading on Friday, hitting $29.29. 22,865 shares of the company were exchanged, compared to its average volume of 610. The company has a market capitalization of $1.46 million, a PE ratio of 14.24 and a beta of 0.96. The business has a fifty day moving average of $29.74 and a 200 day moving average of $27.83. First Trust S&P 500 Diversified Free Cash Flow ETF has a 1-year low of $24.92 and a 1-year high of $31.01.

Institutional Investors Weigh In On First Trust S&P 500 Diversified Free Cash Flow ETF

A hedge fund recently raised its stake in First Trust S&P 500 Diversified Free Cash Flow ETF stock. Citadel Advisors LLC raised its position in First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Free Report) by 17.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,304 shares of the company’s stock after buying an additional 3,081 shares during the period. Citadel Advisors LLC owned 40.61% of First Trust S&P 500 Diversified Free Cash Flow ETF worth $548,000 as of its most recent SEC filing.

First Trust S&P 500 Diversified Free Cash Flow ETF Company Profile

(Get Free Report)

The First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is an exchange-traded fund that is based on the S&P 500 Sector-Neutral FCF index. The fund tracks an index composed of the largest U.S. companies that are perceived to have strong free cash flow yields in comparison to other firms within the same GICS sector FCFY was launched on Aug 23, 2023 and is issued by First Trust.

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