First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Significant Increase in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 74,178 shares, an increase of 43.6% from the January 15th total of 51,647 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 508,792 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 508,792 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of First Trust Capital Strength ETF

A number of hedge funds have recently added to or reduced their stakes in FTCS. Evelyn Partners Investment Management Europe Ltd acquired a new position in shares of First Trust Capital Strength ETF in the fourth quarter valued at approximately $16,633,000. Evelyn Partners Investment Management LLP acquired a new position in shares of First Trust Capital Strength ETF during the fourth quarter worth about $37,000. Arax Advisory Partners acquired a new position in First Trust Capital Strength ETF during the 4th quarter worth approximately $10,128,000. Jacobi Capital Management LLC purchased a new position in shares of First Trust Capital Strength ETF during the 4th quarter worth approximately $871,000. Finally, CreativeOne Wealth LLC boosted its stake in shares of First Trust Capital Strength ETF by 139.6% in the fourth quarter. CreativeOne Wealth LLC now owns 6,794 shares of the company’s stock valued at $628,000 after buying an additional 3,958 shares in the last quarter.

First Trust Capital Strength ETF Trading Up 0.4%

Shares of NASDAQ FTCS traded up $0.38 during trading hours on Monday, reaching $97.71. The stock had a trading volume of 434,123 shares, compared to its average volume of 491,941. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 21.51 and a beta of 0.80. The firm has a 50-day moving average of $94.97 and a 200-day moving average of $93.33. First Trust Capital Strength ETF has a fifty-two week low of $80.65 and a fifty-two week high of $99.21.

First Trust Capital Strength ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.2607 per share. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25.

First Trust Capital Strength ETF Company Profile

First Trust Capital Strength ETF, formerly First Trust Strategic Value Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Credit Suisse U.S. Value Index, Powered by HOLT (the Index). The Index is developed, maintained and sponsored by Credit Suisse Securities (USA) LLC and Credit Suisse Group AG (collectively, the Index Provider). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.