First Trust Capital Strength ETF (NASDAQ:FTCS) Short Interest Down 53.4% in February

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a significant 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 trading volume, of 283,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust Capital Strength ETF

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

First Trust Capital Strength ETF Price Performance

First Trust Capital Strength ETF stock traded up $0.01 during midday trading on Monday, hitting $91.35. 305,799 shares of the company were exchanged, compared to its average volume of 305,447. The company has a market cap of $8.66 billion, a PE ratio of 23.44 and a beta of 0.85. First Trust Capital Strength ETF has a fifty-two week low of $81.16 and a fifty-two week high of $94.23. The company’s fifty day moving average price is $89.22 and its 200-day moving average price is $90.23.

First Trust Capital Strength ETF Dividend Announcement

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

First Trust Capital Strength ETF Company Profile

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).