First Trust International Developed Capital Strength ETF (NASDAQ:FICS) Sees Large Drop in Short Interest

First Trust International Developed Capital Strength ETF (NASDAQ:FICSGet Free Report) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 7,265 shares, a decline of 49.3% from the June 15th total of 14,327 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 23,829 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of First Trust International Developed Capital Strength ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of First Trust International Developed Capital Strength ETF in the 3rd quarter valued at about $50,000. NBC Securities Inc. increased its position in First Trust International Developed Capital Strength ETF by 41.6% during the fourth quarter. NBC Securities Inc. now owns 1,643 shares of the company’s stock worth $66,000 after buying an additional 483 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in First Trust International Developed Capital Strength ETF in the fourth quarter valued at approximately $157,000. Kestra Advisory Services LLC purchased a new stake in First Trust International Developed Capital Strength ETF in the fourth quarter valued at approximately $177,000. Finally, IFC & Insurance Marketing Inc. acquired a new stake in shares of First Trust International Developed Capital Strength ETF in the fourth quarter valued at approximately $204,000.

First Trust International Developed Capital Strength ETF Trading Up 0.3%

Shares of NASDAQ FICS traded up $0.13 during mid-day trading on Wednesday, reaching $42.03. The company had a trading volume of 3,192 shares, compared to its average volume of 25,967. The firm has a 50 day simple moving average of $41.15 and a two-hundred day simple moving average of $40.69. The stock has a market cap of $216.45 million, a P/E ratio of 19.87 and a beta of 0.71. First Trust International Developed Capital Strength ETF has a 52-week low of $37.25 and a 52-week high of $43.38.

First Trust International Developed Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.4455 dividend. This is a boost from First Trust International Developed Capital Strength ETF’s previous quarterly dividend of $0.19. This represents a $1.78 annualized dividend and a yield of 4.2%. The ex-dividend date was Thursday, June 25th.

About First Trust International Developed Capital Strength ETF

(Get Free Report)

The First Trust International Developed Cap Strength ETF (FICS) is an exchange-traded fund that mostly invests in total market equity. The First Trust International Developed Capital Strength ETF (the Fund) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called The International Developed Capital Strength IndexSM (the Index). FICS was launched on Dec 15, 2020 and is managed by First Trust.

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