First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Sees Significant Decrease in Short Interest

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) was the target of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 6,500 shares, a decrease of 63.1% from the May 15th total of 17,600 shares. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust SMID Capital Strength ETF

Hedge funds have recently made changes to their positions in the stock. Allworth Financial LP acquired a new position in First Trust SMID Capital Strength ETF during the 4th quarter worth approximately $32,000. Global Retirement Partners LLC acquired a new position in shares of First Trust SMID Capital Strength ETF during the fourth quarter worth $35,000. GPS Wealth Strategies Group LLC bought a new position in shares of First Trust SMID Capital Strength ETF in the 1st quarter valued at $38,000. NBC Securities Inc. boosted its stake in shares of First Trust SMID Capital Strength ETF by 137,400.0% during the first quarter. NBC Securities Inc. now owns 1,375 shares of the company’s stock valued at $47,000 after purchasing an additional 1,374 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of First Trust SMID Capital Strength ETF during the fourth quarter valued at $58,000.

First Trust SMID Capital Strength ETF Trading Down 1.3%

FSCS stock traded down $0.45 during mid-day trading on Friday, hitting $35.36. The stock had a trading volume of 1,104 shares, compared to its average volume of 5,575. The firm has a fifty day simple moving average of $34.52 and a 200 day simple moving average of $35.35. The firm has a market capitalization of $28.29 million, a P/E ratio of 18.05 and a beta of 1.05. First Trust SMID Capital Strength ETF has a 52 week low of $30.22 and a 52 week high of $38.61.

First Trust SMID Capital Strength ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.0389 dividend. This represents a $0.16 annualized dividend and a yield of 0.44%. The ex-dividend date was Thursday, March 27th.

First Trust SMID Capital Strength ETF Company Profile

The First Trust SMID Capital Strength ETF (FSCS) is an exchange-traded fund that is based on the The SMID Capital Strength index. The fund tracks an equal-weighted index of 100 well-capitalized small- and mid-cap US companies perceived to hold strong market positions. FSCS was launched on Jun 20, 2017 and is issued by First Trust.