First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Significant Decline in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 40,727 shares, a decrease of 33.6% from the February 12th total of 61,327 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 301,431 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 301,431 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

First Trust Capital Strength ETF Trading Up 0.1%

FTCS traded up $0.09 during midday trading on Friday, reaching $94.30. The company’s stock had a trading volume of 352,648 shares, compared to its average volume of 475,379. First Trust Capital Strength ETF has a 1 year low of $80.65 and a 1 year high of $99.74. The stock’s 50-day moving average is $96.79 and its 200-day moving average is $94.04. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 21.51 and a beta of 0.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTCS. Impact Partnership Wealth LLC boosted its holdings in First Trust Capital Strength ETF by 2.8% in the fourth quarter. Impact Partnership Wealth LLC now owns 3,734 shares of the company’s stock worth $345,000 after acquiring an additional 103 shares in the last quarter. Wisconsin Wealth Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 0.5% in the 4th quarter. Wisconsin Wealth Advisors LLC now owns 20,243 shares of the company’s stock worth $1,873,000 after purchasing an additional 108 shares during the last quarter. Park Avenue Securities LLC boosted its stake in First Trust Capital Strength ETF by 0.6% in the 4th quarter. Park Avenue Securities LLC now owns 18,904 shares of the company’s stock worth $1,749,000 after purchasing an additional 109 shares in the last quarter. Advisory Services Network LLC grew its position in First Trust Capital Strength ETF by 1.1% during the 4th quarter. Advisory Services Network LLC now owns 10,249 shares of the company’s stock valued at $948,000 after purchasing an additional 110 shares during the last quarter. Finally, Huntleigh Advisors Inc. increased its stake in First Trust Capital Strength ETF by 2.0% during the 3rd quarter. Huntleigh Advisors Inc. now owns 5,940 shares of the company’s stock valued at $556,000 after purchasing an additional 114 shares in the last quarter.

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.