First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) Short Interest Down 37.2% in June

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 840 shares, a decline of 37.2% from the June 15th total of 1,337 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 75 shares, the short-interest ratio is presently 11.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new stake in shares of First Trust S&P 500 Diversified Free Cash Flow ETF during the 4th quarter worth $26,000. Triumph Capital Management purchased a new position in First Trust S&P 500 Diversified Free Cash Flow ETF in the third quarter valued at about $40,000. Finally, Citadel Advisors LLC grew its stake in First Trust S&P 500 Diversified Free Cash Flow ETF by 18.2% in the third quarter. Citadel Advisors LLC now owns 25,525 shares of the company’s stock valued at $686,000 after purchasing an additional 3,926 shares during the last quarter.

First Trust S&P 500 Diversified Free Cash Flow ETF Stock Down 0.0%

First Trust S&P 500 Diversified Free Cash Flow ETF stock opened at $28.07 on Friday. The business has a fifty day moving average of $27.55 and a two-hundred day moving average of $26.98. The firm has a market cap of $1.40 million, a P/E ratio of 14.24 and a beta of 0.98. First Trust S&P 500 Diversified Free Cash Flow ETF has a twelve month low of $24.81 and a twelve month high of $29.05.

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.