Short Interest in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Expands By 130.6%

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 22,244 shares, an increase of 130.6% from the December 31st total of 9,646 shares. Based on an average trading volume of 17,026 shares, the short-interest ratio is currently 1.3 days. Currently, 1.3% of the shares of the stock are short sold. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 17,026 shares, the short-interest ratio is currently 1.3 days.

First Trust SMID Capital Strength ETF Price Performance

FSCS traded down $0.08 during trading on Thursday, hitting $36.56. 3,502 shares of the stock traded hands, compared to its average volume of 12,890. First Trust SMID Capital Strength ETF has a twelve month low of $30.22 and a twelve month high of $37.66. The company has a market cap of $60.32 million, a price-to-earnings ratio of 16.57 and a beta of 1.03. The business has a 50 day moving average price of $36.25 and a 200 day moving average price of $36.25.

First Trust SMID Capital Strength ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.1035 per share. The ex-dividend date was Friday, December 12th. This represents a $0.41 annualized dividend and a dividend yield of 1.1%. This is an increase from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.05.

Hedge Funds Weigh In On First Trust SMID Capital Strength ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its holdings in First Trust SMID Capital Strength ETF by 254.9% in the 2nd quarter. Osaic Holdings Inc. now owns 41,286 shares of the company’s stock worth $1,476,000 after purchasing an additional 29,653 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of First Trust SMID Capital Strength ETF by 312.4% during the second quarter. NewEdge Advisors LLC now owns 347,221 shares of the company’s stock worth $12,410,000 after purchasing an additional 263,018 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of First Trust SMID Capital Strength ETF in the third quarter valued at approximately $1,260,000. Equitable Holdings Inc. acquired a new position in shares of First Trust SMID Capital Strength ETF in the third quarter valued at approximately $274,000. Finally, Two Sigma Investments LP raised its holdings in First Trust SMID Capital Strength ETF by 20.8% in the 3rd quarter. Two Sigma Investments LP now owns 12,200 shares of the company’s stock valued at $448,000 after buying an additional 2,100 shares during the last quarter.

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.