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

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 5,451 shares, an increase of 51.9% from the February 26th total of 3,588 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 20,819 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers increased its position in First Trust International Developed Capital Strength ETF by 1.7% during the 4th quarter. Cetera Investment Advisers now owns 406,386 shares of the company’s stock worth $16,300,000 after buying an additional 6,847 shares during the period. CWM LLC boosted its position in shares of First Trust International Developed Capital Strength ETF by 2.9% in the fourth quarter. CWM LLC now owns 370,620 shares of the company’s stock valued at $14,866,000 after acquiring an additional 10,328 shares during the period. Key Financial Inc grew its stake in shares of First Trust International Developed Capital Strength ETF by 5.5% in the fourth quarter. Key Financial Inc now owns 247,020 shares of the company’s stock valued at $9,908,000 after acquiring an additional 12,842 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of First Trust International Developed Capital Strength ETF by 90.0% in the second quarter. Osaic Holdings Inc. now owns 187,280 shares of the company’s stock valued at $7,370,000 after acquiring an additional 88,718 shares in the last quarter. Finally, Chris Bulman Inc increased its position in First Trust International Developed Capital Strength ETF by 12.1% during the fourth quarter. Chris Bulman Inc now owns 182,135 shares of the company’s stock worth $7,306,000 after acquiring an additional 19,729 shares during the period.

First Trust International Developed Capital Strength ETF Stock Performance

First Trust International Developed Capital Strength ETF stock traded down $0.13 during midday trading on Friday, reaching $37.90. The stock had a trading volume of 21,842 shares, compared to its average volume of 30,077. The stock has a market capitalization of $210.35 million, a P/E ratio of 19.87 and a beta of 0.75. The firm’s fifty day simple moving average is $40.55 and its 200-day simple moving average is $39.55. First Trust International Developed Capital Strength ETF has a 1-year low of $32.79 and a 1-year high of $42.60.

First Trust International Developed Capital Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be given a $0.1948 dividend. This is an increase from First Trust International Developed Capital Strength ETF’s previous quarterly dividend of $0.03. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 26th.

About First Trust International Developed Capital Strength ETF

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.