First Trust Growth Strength ETF (NASDAQ:FTGS) Short Interest Update

First Trust Growth Strength ETF (NASDAQ:FTGS) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 29,408 shares, a decline of 62.9% from the May 31st total of 79,231 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 109,604 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Growth Strength ETF Trading Up 0.5%

Shares of NASDAQ:FTGS traded up $0.17 during midday trading on Tuesday, hitting $37.00. The stock had a trading volume of 97,359 shares, compared to its average volume of 143,749. First Trust Growth Strength ETF has a 1 year low of $33.00 and a 1 year high of $37.92. The stock has a 50 day moving average price of $36.63 and a two-hundred day moving average price of $35.88. The company has a market capitalization of $1.26 billion, a PE ratio of 23.90 and a beta of 1.02.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTGS. LPL Financial LLC lifted its holdings in shares of First Trust Growth Strength ETF by 2.7% in the 4th quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock valued at $190,200,000 after buying an additional 141,697 shares during the period. Raymond James Financial Inc. raised its position in First Trust Growth Strength ETF by 31.1% in the third quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock worth $56,016,000 after acquiring an additional 370,142 shares in the last quarter. Cetera Investment Advisers raised its position in First Trust Growth Strength ETF by 3.2% in the first quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock worth $50,734,000 after acquiring an additional 46,709 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in First Trust Growth Strength ETF by 7.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,125,357 shares of the company’s stock valued at $39,782,000 after acquiring an additional 73,699 shares during the period. Finally, Stifel Financial Corp lifted its holdings in First Trust Growth Strength ETF by 1.9% in the fourth quarter. Stifel Financial Corp now owns 756,372 shares of the company’s stock valued at $26,742,000 after acquiring an additional 14,241 shares during the period.

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.