First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Sees Large Decline in Short Interest

First Trust SMID Growth Strength ETF (NASDAQ:FSGSGet Free Report) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 100 shares, a decline of 88.1% from the April 15th total of 840 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,488 shares, the days-to-cover ratio is currently 0.1 days.

First Trust SMID Growth Strength ETF Price Performance

Shares of NASDAQ:FSGS traded up $0.06 during mid-day trading on Thursday, reaching $30.40. 1,197 shares of the company traded hands, compared to its average volume of 1,895. The company’s 50 day moving average price is $30.16 and its 200-day moving average price is $30.58. The firm has a market cap of $28.88 million, a PE ratio of 18.32 and a beta of 0.97. First Trust SMID Growth Strength ETF has a 52 week low of $28.35 and a 52 week high of $32.08.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in shares of First Trust SMID Growth Strength ETF during the 4th quarter valued at approximately $73,000. Osaic Holdings Inc. bought a new position in shares of First Trust SMID Growth Strength ETF during the 2nd quarter valued at approximately $168,000. Western Wealth Management LLC grew its stake in shares of First Trust SMID Growth Strength ETF by 8.3% during the 4th quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock valued at $230,000 after acquiring an additional 577 shares during the period. Citadel Advisors LLC boosted its stake in First Trust SMID Growth Strength ETF by 7.2% in the 3rd quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock worth $1,103,000 after purchasing an additional 2,361 shares during the period. Finally, Susquehanna International Group LLP boosted its stake in First Trust SMID Growth Strength ETF by 59.5% in the 3rd quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock worth $1,312,000 after purchasing an additional 15,668 shares during the period.

About First Trust SMID Growth Strength ETF

(Get Free Report)

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.

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