First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Short Interest Update

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 358 shares, a decline of 95.1% from the June 30th total of 7,277 shares. Based on an average daily volume of 632 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. bought a new stake in shares of First Trust SMID Growth Strength ETF in the 2nd quarter valued at approximately $168,000. Western Wealth Management LLC boosted its holdings in shares of First Trust SMID Growth Strength ETF by 8.3% in the 4th quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock worth $230,000 after purchasing an additional 577 shares during the period. Kestra Advisory Services LLC bought a new position in shares of First Trust SMID Growth Strength ETF during the 4th quarter valued at approximately $73,000. Citadel Advisors LLC raised its holdings in First Trust SMID Growth Strength ETF by 7.2% during the 3rd quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock valued at $1,103,000 after buying an additional 2,361 shares during the period. Finally, Susquehanna International Group LLP raised its holdings in First Trust SMID Growth Strength ETF by 59.5% during the 3rd quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock valued at $1,312,000 after buying an additional 15,668 shares during the period.

First Trust SMID Growth Strength ETF Stock Performance

FSGS stock traded up $0.26 during trading on Friday, hitting $31.64. 70 shares of the company’s stock traded hands, compared to its average volume of 2,200. First Trust SMID Growth Strength ETF has a 52 week low of $28.35 and a 52 week high of $32.47. The business has a fifty day simple moving average of $31.37 and a 200 day simple moving average of $30.84. The stock has a market capitalization of $30.05 million, a price-to-earnings ratio of 18.32 and a beta of 0.96.

First Trust SMID Growth Strength ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0102 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, June 25th.

About First Trust SMID Growth Strength ETF

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.