First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) Short Interest Update

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,381 shares, an increase of 35.4% from the January 29th total of 1,020 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average daily volume of 122 shares, the days-to-cover ratio is currently 11.3 days. Based on an average daily volume of 122 shares, the days-to-cover ratio is currently 11.3 days. Currently, 2.8% of the shares of the stock are short sold.

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

FCFY remained flat at $26.42 during trading on Wednesday. The company’s stock had a trading volume of 17 shares, compared to its average volume of 608. The firm has a market capitalization of $1.32 million, a P/E ratio of 14.24 and a beta of 1.06. First Trust S&P 500 Diversified Free Cash Flow ETF has a one year low of $19.99 and a one year high of $28.39. The stock’s 50-day moving average price is $27.39 and its 200 day moving average price is $27.04.

Hedge Funds Weigh In On First Trust S&P 500 Diversified Free Cash Flow ETF

Several hedge funds have recently added to or reduced their stakes in FCFY. Triumph Capital Management lifted its holdings in shares of First Trust S&P 500 Diversified Free Cash Flow ETF by 389.8% in the fourth quarter. Triumph Capital Management now owns 7,224 shares of the company’s stock valued at $200,000 after purchasing an additional 5,749 shares in the last quarter. Citadel Advisors LLC raised its position in shares of First Trust S&P 500 Diversified Free Cash Flow ETF by 18.2% during the 3rd quarter. Citadel Advisors LLC now owns 25,525 shares of the company’s stock worth $686,000 after purchasing an additional 3,926 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in First Trust S&P 500 Diversified Free Cash Flow ETF in the 4th quarter valued at approximately $26,000.

First Trust S&P 500 Diversified Free Cash Flow ETF Company Profile

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.