First Trust Capital Strength ETF (NASDAQ:FTCS) Stock Short Interest Drops 52.1%

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 54,590 shares, a decrease of 52.1% from the September 15th total of 113,987 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 330,635 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FTCS. Iams Wealth Management LLC raised its holdings in First Trust Capital Strength ETF by 35.5% in the 3rd quarter. Iams Wealth Management LLC now owns 19,645 shares of the company’s stock valued at $1,844,000 after buying an additional 5,144 shares during the last quarter. Mather Group LLC. acquired a new position in First Trust Capital Strength ETF in the 3rd quarter valued at approximately $30,000. Strategy Asset Managers LLC bought a new position in shares of First Trust Capital Strength ETF during the third quarter valued at $1,715,000. B. Riley Wealth Advisors Inc. bought a new position in shares of First Trust Capital Strength ETF during the third quarter valued at $2,539,000. Finally, Cascade Investment Group Inc. bought a new position in shares of First Trust Capital Strength ETF during the third quarter valued at $524,000.

First Trust Capital Strength ETF Trading Up 0.5%

NASDAQ:FTCS traded up $0.47 on Friday, hitting $99.26. The company had a trading volume of 231,794 shares, compared to its average volume of 524,890. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 21.51 and a beta of 0.70. The firm has a 50 day moving average of $98.10 and a two-hundred day moving average of $95.86. First Trust Capital Strength ETF has a 52 week low of $89.76 and a 52 week high of $102.93.

First Trust Capital Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.3332 per share. This represents a $1.33 annualized dividend and a dividend yield of 1.3%. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636. The ex-dividend date was Thursday, September 24th.

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.