Short Interest in First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Decreases By 74.9%

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 90 shares, a decrease of 74.9% from the July 15th total of 358 shares. Based on an average daily trading volume, of 781 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

First Trust SMID Growth Strength ETF Stock Performance

Shares of First Trust SMID Growth Strength ETF stock traded down $0.13 during trading hours on Thursday, reaching $33.65. The company’s stock had a trading volume of 738 shares, compared to its average volume of 2,115. First Trust SMID Growth Strength ETF has a one year low of $28.35 and a one year high of $33.92. The company has a market capitalization of $31.97 million, a P/E ratio of 18.32 and a beta of 0.96. The stock’s fifty day simple moving average is $31.96 and its two-hundred day simple moving average is $30.97.

First Trust SMID Growth Strength ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0102 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%.

Hedge Funds Weigh In On First Trust SMID Growth Strength ETF

Several large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP boosted its stake in First Trust SMID Growth Strength ETF by 59.5% during the 3rd quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock valued at $1,312,000 after purchasing an additional 15,668 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of First Trust SMID Growth Strength ETF by 7.2% in the third quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock worth $1,103,000 after purchasing an additional 2,361 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in shares of First Trust SMID Growth Strength ETF in the second quarter worth approximately $168,000. Kestra Advisory Services LLC purchased a new stake in shares of First Trust SMID Growth Strength ETF in the fourth quarter worth approximately $73,000. Finally, Western Wealth Management LLC lifted its holdings in shares of First Trust SMID Growth Strength ETF by 8.3% in the fourth quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock valued at $230,000 after purchasing an additional 577 shares in the last quarter.

About First Trust SMID Growth Strength ETF

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.