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

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 13,300 shares, an increase of 95.6% from the March 15th total of 6,800 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is currently 2.2 days.

First Trust SMID Capital Strength ETF Stock Performance

First Trust SMID Capital Strength ETF stock traded down $0.39 during mid-day trading on Wednesday, reaching $32.72. The company’s stock had a trading volume of 1,165 shares, compared to its average volume of 4,024. First Trust SMID Capital Strength ETF has a 12-month low of $30.22 and a 12-month high of $38.61. The company has a market capitalization of $26.18 million, a P/E ratio of 16.34 and a beta of 1.06. The firm’s fifty day moving average price is $34.49 and its two-hundred day moving average price is $35.65.

First Trust SMID Capital Strength ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.0389 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FSCS. LPL Financial LLC purchased a new stake in First Trust SMID Capital Strength ETF in the fourth quarter valued at approximately $10,406,000. Bullseye Investment Management LLC purchased a new position in shares of First Trust SMID Capital Strength ETF in the fourth quarter worth about $686,000. FSB Premier Wealth Management Inc. purchased a new stake in shares of First Trust SMID Capital Strength ETF during the fourth quarter valued at approximately $660,000. NewEdge Advisors LLC bought a new stake in First Trust SMID Capital Strength ETF in the 4th quarter worth $623,000. Finally, Envestnet Asset Management Inc. purchased a new position in First Trust SMID Capital Strength ETF during the 4th quarter valued at about $267,000.

About First Trust SMID Capital Strength ETF

The First Trust SMID Capital Strength ETF (FSCS) is an exchange-traded fund that is based on the The SMID Capital Strength index. The fund tracks an equal-weighted index of 100 well-capitalized small- and mid-cap US companies perceived to hold strong market positions. FSCS was launched on Jun 20, 2017 and is issued by First Trust.