Short Interest in First Trust Capital Strength ETF (NASDAQ:FTCS) Declines By 17.3%

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 61,327 shares, a drop of 17.3% from the January 29th total of 74,178 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 417,964 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 417,964 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BDFS Capital LLC acquired a new position in First Trust Capital Strength ETF during the fourth quarter worth approximately $370,000. Claris Financial LLC acquired a new stake in shares of First Trust Capital Strength ETF in the fourth quarter valued at approximately $5,381,000. Axxcess Wealth Management LLC grew its position in shares of First Trust Capital Strength ETF by 120.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 34,332 shares of the company’s stock worth $3,176,000 after acquiring an additional 18,773 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of First Trust Capital Strength ETF by 78.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,372 shares of the company’s stock valued at $867,000 after acquiring an additional 4,129 shares during the period. Finally, Skyview Financial Group LLC purchased a new stake in First Trust Capital Strength ETF in the 4th quarter valued at $2,075,000.

First Trust Capital Strength ETF Stock Performance

Shares of NASDAQ:FTCS traded down $1.73 during midday trading on Tuesday, reaching $97.70. 44,045 shares of the company’s stock traded hands, compared to its average volume of 446,357. First Trust Capital Strength ETF has a one year low of $80.65 and a one year high of $99.74. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 21.51 and a beta of 0.80. The stock has a 50 day moving average of $96.19 and a 200 day moving average of $93.83.

First Trust Capital Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.2607 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25.

About First Trust Capital Strength ETF

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.