First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Large Decrease in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS – Get Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 16,159 shares, a decline of 60.2% from the May 14th total of 40,633 shares. Based on an average daily volume of 640,630 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

First Trust Capital Strength ETF Trading Up 0.4%

NASDAQ FTCS traded up $0.37 on Friday, hitting $94.53. 592,152 shares of the company’s stock traded hands, compared to its average volume of 599,297. The firm has a market capitalization of $7.92 billion, a PE ratio of 21.51 and a beta of 0.71. First Trust Capital Strength ETF has a 1-year low of $88.70 and a 1-year high of $99.74. The firm’s 50-day moving average price is $93.43 and its two-hundred day moving average price is $94.39.

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First Trust Capital Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.2873 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.15 annualized dividend and a yield of 1.2%. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Caitlin John LLC raised its stake in shares of First Trust Capital Strength ETF by 288.0% during the 4th quarter. Caitlin John LLC now owns 291 shares of the company’s stock worth $27,000 after buying an additional 216 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in First Trust Capital Strength ETF by 492.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock valued at $27,000 after acquiring an additional 246 shares during the period. Parallel Advisors LLC boosted its stake in shares of First Trust Capital Strength ETF by 140.0% in the fourth quarter. Parallel Advisors LLC now owns 300 shares of the company’s stock valued at $28,000 after purchasing an additional 175 shares during the period. BOKF NA purchased a new position in First Trust Capital Strength ETF in the 3rd quarter valued at approximately $28,000. Finally, Whittier Trust Co. purchased a new position in First Trust Capital Strength ETF in the fourth quarter valued at $30,000.

About First Trust Capital Strength ETF

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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.

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