First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Short Interest Down 35.1% in July

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 12,954 shares, a drop of 35.1% from the June 30th total of 19,960 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 6,831 shares, the short-interest ratio is presently 1.9 days.

First Trust New Constructs Core Earnings Leaders ETF Stock Performance

First Trust New Constructs Core Earnings Leaders ETF stock traded down $0.02 during midday trading on Friday, reaching $27.11. 2,859 shares of the company were exchanged, compared to its average volume of 13,504. The company has a market capitalization of $82.69 million, a price-to-earnings ratio of 23.72 and a beta of 1.02. The firm’s 50-day simple moving average is $27.27 and its 200-day simple moving average is $25.79. First Trust New Constructs Core Earnings Leaders ETF has a 1 year low of $21.95 and a 1 year high of $28.55.

Hedge Funds Weigh In On First Trust New Constructs Core Earnings Leaders ETF

Institutional investors have recently modified their holdings of the company. Thoroughbred Financial Services LLC acquired a new stake in First Trust New Constructs Core Earnings Leaders ETF during the fourth quarter worth approximately $767,000. Harbour Investments Inc. purchased a new stake in First Trust New Constructs Core Earnings Leaders ETF in the 4th quarter worth approximately $337,000. Finally, Luken Investment Analytics LLC raised its holdings in First Trust New Constructs Core Earnings Leaders ETF by 34.9% in the 4th quarter. Luken Investment Analytics LLC now owns 25,170 shares of the company’s stock valued at $627,000 after acquiring an additional 6,510 shares during the last quarter.

First Trust New Constructs Core Earnings Leaders ETF Company Profile

The First Trust New Constructs Core Earnings Leaders ETF (FTCE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of companies with high earnings quality, as selected and measured using the Earnings Capture metric. The fund holds 100 securities, representing the top companies within each Bloomberg sector classification. FTCE was launched on Oct 2, 2024 and is issued by First Trust.