First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Large Growth in Short Interest

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 72,400 shares, a growth of 373.2% from the February 13th total of 15,300 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 292,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Capital Strength ETF

Several hedge funds and other institutional investors have recently modified their holdings of FTCS. GAMMA Investing LLC increased its stake in shares of First Trust Capital Strength ETF by 4.7% in the fourth quarter. GAMMA Investing LLC now owns 9,317 shares of the company’s stock worth $818,000 after purchasing an additional 419 shares in the last quarter. Fisher Asset Management LLC bought a new position in First Trust Capital Strength ETF in the 3rd quarter worth approximately $249,000. Blue Trust Inc. grew its holdings in First Trust Capital Strength ETF by 2,593.6% during the 4th quarter. Blue Trust Inc. now owns 2,101 shares of the company’s stock valued at $185,000 after buying an additional 2,023 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of First Trust Capital Strength ETF during the third quarter worth $2,714,000. Finally, US Bancorp DE grew its stake in First Trust Capital Strength ETF by 7.5% during the fourth quarter. US Bancorp DE now owns 10,880 shares of the company’s stock valued at $955,000 after acquiring an additional 761 shares in the last quarter.

First Trust Capital Strength ETF Trading Down 0.4 %

NASDAQ FTCS traded down $0.35 during trading hours on Thursday, hitting $87.05. 96,044 shares of the company’s stock traded hands, compared to its average volume of 302,514. First Trust Capital Strength ETF has a 52 week low of $81.16 and a 52 week high of $94.23. The firm has a market capitalization of $8.57 billion, a P/E ratio of 23.44 and a beta of 0.86. The business’s fifty day moving average price is $89.47 and its two-hundred day moving average price is $90.30.

About First Trust Capital Strength ETF

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).