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

First Trust Capital Strength ETF (NASDAQ:FTCS) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 15,300 shares, a drop of 53.4% from the January 31st total of 32,800 shares. Based on an average daily volume of 283,500 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Capital Strength ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in First Trust Capital Strength ETF by 2.3% during the 4th quarter. LPL Financial LLC now owns 7,542,669 shares of the company’s stock valued at $662,397,000 after purchasing an additional 169,120 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of First Trust Capital Strength ETF in the fourth quarter worth $494,019,000. Bank of America Corp DE grew its holdings in shares of First Trust Capital Strength ETF by 57.8% during the fourth quarter. Bank of America Corp DE now owns 1,714,864 shares of the company’s stock valued at $150,599,000 after buying an additional 628,128 shares in the last quarter. Royal Bank of Canada raised its position in First Trust Capital Strength ETF by 0.3% during the fourth quarter. Royal Bank of Canada now owns 1,406,740 shares of the company’s stock valued at $123,539,000 after buying an additional 3,912 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in First Trust Capital Strength ETF by 5.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,101,673 shares of the company’s stock worth $96,749,000 after acquiring an additional 52,070 shares in the last quarter.

First Trust Capital Strength ETF Price Performance

NASDAQ FTCS traded up $0.01 on Monday, hitting $91.35. 305,799 shares of the company were exchanged, compared to its average volume of 305,447. First Trust Capital Strength ETF has a twelve month low of $81.16 and a twelve month high of $94.23. The firm has a market capitalization of $8.66 billion, a P/E ratio of 23.44 and a beta of 0.85. The company’s 50 day moving average price is $89.22 and its 200-day moving average price is $90.23.

First Trust Capital Strength ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.4043 per share. The ex-dividend date of this dividend was Friday, December 13th.

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).