First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Sees Large Increase in Short Interest

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 16,600 shares, an increase of 41.9% from the January 15th total of 11,700 shares. Based on an average trading volume of 5,300 shares, the short-interest ratio is currently 3.1 days.

Hedge Funds Weigh In On First Trust SMID Capital Strength ETF

Several large investors have recently modified their holdings of FSCS. Concourse Financial Group Securities Inc. bought a new stake in First Trust SMID Capital Strength ETF during the fourth quarter worth $170,000. NewEdge Advisors LLC bought a new position in shares of First Trust SMID Capital Strength ETF during the 4th quarter worth $623,000. Envestnet Asset Management Inc. bought a new stake in shares of First Trust SMID Capital Strength ETF in the fourth quarter valued at approximately $267,000. FSB Premier Wealth Management Inc. bought a new stake in shares of First Trust SMID Capital Strength ETF during the 4th quarter valued at $660,000. Finally, Bullseye Investment Management LLC bought a new stake in First Trust SMID Capital Strength ETF during the 4th quarter worth approximately $686,000.

First Trust SMID Capital Strength ETF Price Performance

Shares of NASDAQ:FSCS traded down $0.20 on Friday, hitting $36.08. The company had a trading volume of 3,644 shares, compared to its average volume of 5,578. The stock has a 50 day moving average price of $36.10 and a 200 day moving average price of $35.59. First Trust SMID Capital Strength ETF has a 1-year low of $30.81 and a 1-year high of $38.61.

First Trust SMID Capital Strength ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.1089 dividend. The ex-dividend date of this dividend was Friday, December 13th.