First Trust Growth Strength ETF (NASDAQ:FTGS) Shares Shorted: Short Interest Down 37.8% in October

First Trust Growth Strength ETF (NASDAQ:FTGS) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 36,446 shares, a decline of 37.8% from the September 30th total of 58,607 shares. Based on an average daily volume of 121,344 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in shares of First Trust Growth Strength ETF by 3.2% in the first quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock valued at $50,734,000 after acquiring an additional 46,709 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of First Trust Growth Strength ETF by 9.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,085,460 shares of the company’s stock valued at $40,164,000 after buying an additional 92,206 shares during the period. Royal Bank of Canada grew its stake in shares of First Trust Growth Strength ETF by 16.6% during the first quarter. Royal Bank of Canada now owns 514,094 shares of the company’s stock valued at $17,503,000 after buying an additional 73,363 shares during the last quarter. Hobart Private Capital LLC lifted its position in shares of First Trust Growth Strength ETF by 5.5% during the second quarter. Hobart Private Capital LLC now owns 425,915 shares of the company’s stock worth $15,760,000 after purchasing an additional 22,326 shares during the last quarter. Finally, Assetmark Inc. boosted its position in First Trust Growth Strength ETF by 12.2% in the 1st quarter. Assetmark Inc. now owns 397,456 shares of the company’s stock valued at $13,532,000 after buying an additional 43,302 shares during the period.

First Trust Growth Strength ETF Stock Up 0.6%

First Trust Growth Strength ETF stock opened at $37.70 on Tuesday. First Trust Growth Strength ETF has a twelve month low of $33.00 and a twelve month high of $40.12. The company has a market capitalization of $1.28 billion, a P/E ratio of 23.90 and a beta of 1.02. The stock’s 50 day moving average is $38.36 and its 200 day moving average is $37.01.

First Trust Growth Strength ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.0088 per share. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, September 24th.

About First Trust Growth Strength ETF

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.