Short Interest in First Trust Capital Strength ETF (NASDAQ:FTCS) Expands By 470.7%

First Trust Capital Strength ETF (NASDAQ:FTCSGet Free Report) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 23,374 shares, an increase of 470.7% from the July 30th total of 4,096 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 353,035 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Capital Strength ETF Trading Down 0.3%

First Trust Capital Strength ETF stock opened at $101.96 on Wednesday. The firm has a 50 day moving average of $97.65 and a 200 day moving average of $95.68. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 21.51 and a beta of 0.70. First Trust Capital Strength ETF has a 12-month low of $89.76 and a 12-month high of $102.93.

First Trust Capital Strength ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.2636 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Capital Strength ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of First Trust Capital Strength ETF by 1.5% during the second quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock valued at $155,806,000 after buying an additional 25,024 shares during the last quarter. UBS Group AG raised its stake in First Trust Capital Strength ETF by 0.8% in the fourth quarter. UBS Group AG now owns 1,420,141 shares of the company’s stock worth $131,380,000 after buying an additional 11,966 shares in the last quarter. Royal Bank of Canada raised its position in shares of First Trust Capital Strength ETF by 1.9% in the 4th quarter. Royal Bank of Canada now owns 1,181,806 shares of the company’s stock worth $109,332,000 after acquiring an additional 22,147 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in First Trust Capital Strength ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock worth $88,750,000 after purchasing an additional 22,849 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Capital Strength ETF by 39.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock worth $42,775,000 after acquiring an additional 131,322 shares in the last quarter.

First Trust Capital Strength ETF Company Profile

(Get Free Report)

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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