Short Interest in First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Declines By 33.3%

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 3,000 shares, a decrease of 33.3% from the September 15th total of 4,500 shares. Based on an average trading volume of 5,000 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 5,000 shares, the short-interest ratio is currently 0.6 days.

First Trust New Constructs Core Earnings Leaders ETF Price Performance

NYSEARCA FTCE opened at $24.52 on Wednesday. The stock’s fifty day moving average price is $23.65 and its 200 day moving average price is $21.89. First Trust New Constructs Core Earnings Leaders ETF has a 1 year low of $17.26 and a 1 year high of $24.82. The company has a market cap of $51.49 million and a price-to-earnings ratio of 23.72.

Hedge Funds Weigh In On First Trust New Constructs Core Earnings Leaders ETF

A hedge fund recently raised its stake in First Trust New Constructs Core Earnings Leaders ETF stock. Horizon Advisory Services Inc. lifted its position in First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,946,146 shares of the company’s stock after acquiring an additional 11,185 shares during the period. First Trust New Constructs Core Earnings Leaders ETF accounts for approximately 23.1% of Horizon Advisory Services Inc.’s investment portfolio, making the stock its biggest holding. Horizon Advisory Services Inc. owned about 70.77% of First Trust New Constructs Core Earnings Leaders ETF worth $43,089,000 at the end of the most recent reporting period.

About First Trust New Constructs Core Earnings Leaders ETF

The First Trust New Constructs Core Earnings Leaders ETF (FTCE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of companies with high earnings quality, as selected and measured using the Earnings Capture metric. The fund holds 100 securities, representing the top companies within each Bloomberg sector classification.