First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 312 shares, a decline of 46.4% from the August 15th total of 582 shares. Based on an average daily volume of 1,521 shares, the short-interest ratio is presently 0.2 days. Currently, 0.6% of the company’s stock are sold short.
Institutional Inflows and Outflows
An institutional investor recently raised its position in First Trust S&P 500 Diversified Free Cash Flow ETF stock. Triumph Capital Management increased its holdings in shares of First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Free Report) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,583 shares of the company’s stock after buying an additional 651 shares during the quarter. Triumph Capital Management owned 23.17% of First Trust S&P 500 Diversified Free Cash Flow ETF worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
First Trust S&P 500 Diversified Free Cash Flow ETF Price Performance
First Trust S&P 500 Diversified Free Cash Flow ETF stock traded down $0.50 during trading hours on Wednesday, reaching $30.13. The stock had a trading volume of 3,684 shares, compared to its average volume of 604. The company has a market cap of $30.10 million, a price-to-earnings ratio of 14.24 and a beta of 0.96. The business’s 50 day moving average price is $29.50 and its 200-day moving average price is $27.69. First Trust S&P 500 Diversified Free Cash Flow ETF has a 52 week low of $24.92 and a 52 week high of $31.01.
First Trust S&P 500 Diversified Free Cash Flow ETF Company Profile
The First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is an exchange-traded fund that is based on the S&P 500 Sector-Neutral FCF index. The fund tracks an index composed of the largest U.S. companies that are perceived to have strong free cash flow yields in comparison to other firms within the same GICS sector FCFY was launched on Aug 23, 2023 and is issued by First Trust.
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