First Trust Growth Strength ETF (NASDAQ:FTGS – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 29,910 shares, a drop of 54.9% from the June 30th total of 66,285 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 115,618 shares, the short-interest ratio is currently 0.3 days.
First Trust Growth Strength ETF Trading Up 0.4%
Shares of FTGS stock traded up $0.14 during trading on Tuesday, reaching $37.90. 58,811 shares of the company’s stock traded hands, compared to its average volume of 139,540. The firm’s 50-day moving average is $37.22 and its 200 day moving average is $36.17. The company has a market capitalization of $1.28 billion, a P/E ratio of 23.90 and a beta of 1.02. First Trust Growth Strength ETF has a 1 year low of $33.00 and a 1 year high of $38.65.
Hedge Funds Weigh In On First Trust Growth Strength ETF
A number of large investors have recently made changes to their positions in FTGS. Rothschild Investment LLC purchased a new position in shares of First Trust Growth Strength ETF in the fourth quarter valued at $28,000. Capital Investment Advisory Services LLC increased its position in shares of First Trust Growth Strength ETF by 6,214.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock valued at $31,000 after buying an additional 870 shares during the period. Allworth Financial LP purchased a new stake in shares of First Trust Growth Strength ETF in the third quarter worth about $32,000. Cullen Frost Bankers Inc. boosted its position in shares of First Trust Growth Strength ETF by 58.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock valued at $37,000 after acquiring an additional 385 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in First Trust Growth Strength ETF by 100.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock valued at $40,000 after acquiring an additional 557 shares in the last quarter.
About First Trust Growth Strength ETF
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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