First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 582 shares, a decline of 53.7% from the July 30th total of 1,256 shares. Based on an average daily trading volume, of 330 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.2% of the shares of the company are sold short.
Institutional Investors Weigh In On First Trust S&P 500 Diversified Free Cash Flow ETF
A number of hedge funds have recently bought and sold shares of FCFY. Kestra Advisory Services LLC acquired a new stake in shares of First Trust S&P 500 Diversified Free Cash Flow ETF in the fourth quarter valued at about $26,000. Triumph Capital Management acquired a new position in shares of First Trust S&P 500 Diversified Free Cash Flow ETF during the 3rd quarter worth about $40,000. Finally, Citadel Advisors LLC lifted its position in shares of First Trust S&P 500 Diversified Free Cash Flow ETF by 18.2% during the 3rd quarter. Citadel Advisors LLC now owns 25,525 shares of the company’s stock worth $686,000 after purchasing an additional 3,926 shares during the last quarter.
First Trust S&P 500 Diversified Free Cash Flow ETF Price Performance
Shares of NYSEARCA FCFY traded down $0.18 during trading hours on Monday, hitting $30.41. 516 shares of the stock were exchanged, compared to its average volume of 447. First Trust S&P 500 Diversified Free Cash Flow ETF has a one year low of $24.92 and a one year high of $30.60. The company’s 50 day moving average is $28.68 and its 200 day moving average is $27.37. The firm has a market capitalization of $1.52 million, a P/E ratio of 14.24 and a beta of 0.95.
About First Trust S&P 500 Diversified Free Cash Flow ETF
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.
Featured Stories
- Five stocks we like better than First Trust S&P 500 Diversified Free Cash Flow ETF
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Receive News & Ratings for First Trust S&P 500 Diversified Free Cash Flow ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust S&P 500 Diversified Free Cash Flow ETF and related companies with MarketBeat.com's FREE daily email newsletter.
