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

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFYGet Free Report) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 579 shares, a growth of 573.3% from the November 30th total of 86 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 969 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 969 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.2% of the shares of the stock are sold short.

First Trust S&P 500 Diversified Free Cash Flow ETF Price Performance

FCFY stock traded up $0.09 during midday trading on Friday, reaching $27.99. The company had a trading volume of 136 shares, compared to its average volume of 244. First Trust S&P 500 Diversified Free Cash Flow ETF has a 1 year low of $19.99 and a 1 year high of $28.20. The firm has a 50-day moving average price of $27.00 and a 200-day moving average price of $26.28. The company has a market capitalization of $1.40 million, a P/E ratio of 14.24 and a beta of 1.06.

Institutional Trading of First Trust S&P 500 Diversified Free Cash Flow ETF

An institutional investor recently bought a new position in First Trust S&P 500 Diversified Free Cash Flow ETF stock. Triumph Capital Management acquired a new stake in shares of First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFYFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,475 shares of the company’s stock, valued at approximately $40,000. Triumph Capital Management owned about 2.95% of First Trust S&P 500 Diversified Free Cash Flow ETF at the end of the most recent quarter.

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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