First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 312 shares, a decrease of 46.4% from the August 15th total of 582 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 1,521 shares, the days-to-cover ratio is presently 0.2 days.
First Trust S&P 500 Diversified Free Cash Flow ETF Stock Performance
Shares of First Trust S&P 500 Diversified Free Cash Flow ETF stock traded down $0.06 during trading on Tuesday, hitting $30.63. 2,108 shares of the company’s stock were exchanged, compared to its average volume of 587. The stock has a market capitalization of $1.53 million, a price-to-earnings ratio of 14.24 and a beta of 0.96. The business has a 50-day simple moving average of $29.39 and a 200-day simple moving average of $27.64. First Trust S&P 500 Diversified Free Cash Flow ETF has a 52-week low of $24.92 and a 52-week high of $31.01.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in First Trust S&P 500 Diversified Free Cash Flow ETF stock. Citadel Advisors LLC lifted its position in shares of First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Free Report) by 17.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,304 shares of the company’s stock after purchasing an additional 3,081 shares during the quarter. Citadel Advisors LLC owned 40.61% of First Trust S&P 500 Diversified Free Cash Flow ETF worth $548,000 as of its most recent SEC filing.
About First Trust S&P 500 Diversified Free Cash Flow ETF
The First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is an exchange-traded fund that is based on the S&P 500 Sector-Neutral FCF index. The fund tracks an index composed of the largest U.S. companies that are perceived to have strong free cash flow yields in comparison to other firms within the same GICS sector FCFY was launched on Aug 23, 2023 and is issued by First Trust.
Further Reading
- Five stocks we like better than First Trust S&P 500 Diversified Free Cash Flow ETF
- Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
- 3 Healthcare Stocks for 3 Stages of Life
- Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
Receive News & Ratings for First Trust S&P 500 Diversified Free Cash Flow ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust S&P 500 Diversified Free Cash Flow ETF and related companies with MarketBeat.com's FREE daily email newsletter.
