First Trust International Developed Capital Strength ETF (NASDAQ:FICS) Sees Significant Increase in Short Interest

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,109 shares, an increase of 324.0% from the August 31st total of 1,205 shares. Based on an average daily volume of 6,214 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust International Developed Capital Strength ETF Price Performance

First Trust International Developed Capital Strength ETF stock traded up $0.21 during trading on Friday, reaching $40.72. 5,486 shares of the company were exchanged, compared to its average volume of 21,190. The stock’s 50 day simple moving average is $42.01 and its two-hundred day simple moving average is $41.12. The company has a market capitalization of $199.53 million, a P/E ratio of 19.87 and a beta of 0.71. First Trust International Developed Capital Strength ETF has a 52-week low of $37.46 and a 52-week high of $43.38.

First Trust International Developed Capital Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be issued a $0.1036 dividend. This is a decrease from First Trust International Developed Capital Strength ETF’s previous quarterly dividend of $0.4455. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 24th.

Hedge Funds Weigh In On First Trust International Developed Capital Strength ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in First Trust International Developed Capital Strength ETF by 27.8% in the second quarter. Envestnet Asset Management Inc. now owns 72,657 shares of the company’s stock valued at $3,035,000 after acquiring an additional 15,820 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of First Trust International Developed Capital Strength ETF in the 2nd quarter valued at $1,892,000. Citadel Advisors LLC grew its holdings in shares of First Trust International Developed Capital Strength ETF by 28.0% during the 2nd quarter. Citadel Advisors LLC now owns 42,040 shares of the company’s stock worth $1,756,000 after purchasing an additional 9,189 shares during the period. NewEdge Advisors LLC raised its holdings in First Trust International Developed Capital Strength ETF by 8.1% in the 1st quarter. NewEdge Advisors LLC now owns 33,684 shares of the company’s stock valued at $1,315,000 after buying an additional 2,532 shares during the period. Finally, Claris Financial LLC lifted its position in First Trust International Developed Capital Strength ETF by 17.5% in the first quarter. Claris Financial LLC now owns 6,393 shares of the company’s stock valued at $250,000 after buying an additional 953 shares during the last quarter.

First Trust International Developed Capital Strength ETF Company Profile

The First Trust International Developed Cap Strength ETF (FICS) is an exchange-traded fund that mostly invests in total market equity. The First Trust International Developed Capital Strength ETF (the Fund) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called The International Developed Capital Strength IndexSM (the Index). FICS was launched on Dec 15, 2020 and is managed by First Trust.