First Trust Growth Strength ETF (NASDAQ:FTGS) Shares Shorted: Short Interest Down 56.9% in September

First Trust Growth Strength ETF (NASDAQ:FTGS) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 33,039 shares, a drop of 56.9% from the August 31st total of 76,693 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 90,905 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Centennial Wealth Advisory LLC boosted its stake in First Trust Growth Strength ETF by 73.6% in the 1st quarter. Centennial Wealth Advisory LLC now owns 216,767 shares of the company’s stock valued at $7,380,000 after buying an additional 91,927 shares in the last quarter. Vise Technologies Inc. grew its position in First Trust Growth Strength ETF by 30.5% in the fourth quarter. Vise Technologies Inc. now owns 100,894 shares of the company’s stock valued at $3,567,000 after acquiring an additional 23,564 shares during the period. LPL Financial LLC raised its stake in First Trust Growth Strength ETF by 2.7% during the fourth quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock worth $190,200,000 after acquiring an additional 141,697 shares in the last quarter. IFC & Insurance Marketing Inc. raised its stake in First Trust Growth Strength ETF by 36.0% during the first quarter. IFC & Insurance Marketing Inc. now owns 169,653 shares of the company’s stock worth $5,776,000 after acquiring an additional 44,865 shares in the last quarter. Finally, Gateway Wealth Partners LLC lifted its holdings in shares of First Trust Growth Strength ETF by 118.2% during the first quarter. Gateway Wealth Partners LLC now owns 168,521 shares of the company’s stock valued at $5,737,000 after acquiring an additional 91,304 shares during the period.

First Trust Growth Strength ETF Stock Down 0.8%

First Trust Growth Strength ETF stock traded down $0.29 on Monday, hitting $38.04. The company’s stock had a trading volume of 33,909 shares, compared to its average volume of 132,013. First Trust Growth Strength ETF has a one year low of $33.00 and a one year high of $40.12. The firm has a market cap of $1.29 billion, a P/E ratio of 23.90 and a beta of 1.01. The company has a fifty day moving average price of $38.69 and a 200-day moving average price of $37.09.

First Trust Growth Strength ETF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be paid a $0.0088 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%.

First Trust Growth Strength ETF Company Profile

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities. FTGS was launched on Oct 25, 2022 and is managed by First Trust.