First Trust Capital Strength ETF (NASDAQ:FTCS) Short Interest Update

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 20,700 shares, a decline of 71.4% from the February 28th total of 72,400 shares. Based on an average daily volume of 290,800 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

First Trust Capital Strength ETF Trading Down 0.9 %

Shares of FTCS traded down $0.84 during trading hours on Friday, reaching $88.61. 585,206 shares of the stock traded hands, compared to its average volume of 285,199. First Trust Capital Strength ETF has a 52-week low of $81.16 and a 52-week high of $94.23. The company’s 50-day moving average price is $89.70 and its two-hundred day moving average price is $90.19. The company has a market cap of $8.72 billion, a P/E ratio of 23.46 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.2159 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.86 annualized dividend and a yield of 0.97%.

Institutional Trading of First Trust Capital Strength ETF

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

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).