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

First Trust SMID Growth Strength ETF (NASDAQ:FSGS – Get Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 7,117 shares, an increase of 2,159.4% from the May 31st total of 315 shares. Based on an average daily volume of 9,130 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.7% of the company’s stock are sold short.

First Trust SMID Growth Strength ETF Stock Up 1.5%

Shares of FSGS traded up $0.46 during trading on Friday, reaching $31.56. The company’s stock had a trading volume of 739 shares, compared to its average volume of 2,423. The company has a fifty day moving average of $30.89 and a two-hundred day moving average of $30.68. First Trust SMID Growth Strength ETF has a twelve month low of $28.35 and a twelve month high of $32.08. The company has a market cap of $29.98 million, a price-to-earnings ratio of 18.32 and a beta of 0.96.

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First Trust SMID Growth Strength ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.0102 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, June 25th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in shares of First Trust SMID Growth Strength ETF in the 4th quarter valued at about $73,000. Osaic Holdings Inc. bought a new stake in First Trust SMID Growth Strength ETF in the second quarter valued at about $168,000. Western Wealth Management LLC increased its holdings in First Trust SMID Growth Strength ETF by 8.3% in the fourth quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock valued at $230,000 after buying an additional 577 shares during the last quarter. Citadel Advisors LLC raised its stake in First Trust SMID Growth Strength ETF by 7.2% during the third quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock valued at $1,103,000 after buying an additional 2,361 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in First Trust SMID Growth Strength ETF by 59.5% during the third quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock valued at $1,312,000 after buying an additional 15,668 shares in the last quarter.

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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