First Trust Growth Strength ETF (NASDAQ:FTGS – Get Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 18,811 shares, a growth of 229.4% from the April 15th total of 5,711 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 98,301 shares, the short-interest ratio is currently 0.2 days.
Institutional Trading of First Trust Growth Strength ETF
A number of institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its holdings in First Trust Growth Strength ETF by 3.2% during the 1st quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock worth $50,734,000 after purchasing an additional 46,709 shares in the last quarter. Assetmark Inc. increased its stake in First Trust Growth Strength ETF by 12.2% in the 1st quarter. Assetmark Inc. now owns 397,456 shares of the company’s stock worth $13,532,000 after acquiring an additional 43,302 shares during the last quarter. Independent Financial Group LLC bought a new position in First Trust Growth Strength ETF in the 1st quarter worth about $2,497,000. Bank of New York Mellon Corp increased its stake in First Trust Growth Strength ETF by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 100,283 shares of the company’s stock worth $3,414,000 after acquiring an additional 6,729 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in First Trust Growth Strength ETF by 2.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 22,480 shares of the company’s stock worth $765,000 after acquiring an additional 544 shares during the last quarter.
First Trust Growth Strength ETF Stock Up 0.9%
FTGS traded up $0.33 during trading on Thursday, reaching $36.28. 63,284 shares of the company were exchanged, compared to its average volume of 154,941. The company’s 50-day moving average is $35.35 and its two-hundred day moving average is $35.49. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 23.90 and a beta of 1.03. First Trust Growth Strength ETF has a 12-month low of $32.00 and a 12-month high of $37.04.
First Trust Growth Strength ETF Company Profile
The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities. FTGS was launched on Oct 25, 2022 and is managed by First Trust.
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