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

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 251,824 shares, an increase of 1,325.9% from the June 15th total of 17,661 shares. Based on an average daily volume of 588,113 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

First Trust Capital Strength ETF Stock Performance

FTCS traded up $0.41 during trading on Friday, hitting $96.61. The stock had a trading volume of 456,597 shares, compared to its average volume of 594,740. The firm has a market capitalization of $7.86 billion, a P/E ratio of 21.51 and a beta of 0.71. The company’s 50-day moving average price is $93.92 and its 200 day moving average price is $94.73. First Trust Capital Strength ETF has a twelve month low of $89.39 and a twelve month high of $99.74.

First Trust Capital Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.2636 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.05 annualized dividend and a dividend yield of 1.1%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FTCS. Eastern Bank acquired a new stake in First Trust Capital Strength ETF in the second quarter valued at about $27,000. Caitlin John LLC increased its position in First Trust Capital Strength ETF by 288.0% during the 4th quarter. Caitlin John LLC now owns 291 shares of the company’s stock worth $27,000 after purchasing an additional 216 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of First Trust Capital Strength ETF by 492.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after buying an additional 246 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of First Trust Capital Strength ETF by 140.0% during the 4th quarter. Parallel Advisors LLC now owns 300 shares of the company’s stock worth $28,000 after buying an additional 175 shares in the last quarter. Finally, BOKF NA acquired a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter valued at approximately $28,000.

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.