First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY) Sees Significant Increase in Short Interest

First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFYGet Free Report) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 1,381 shares, a growth of 35.4% from the January 29th total of 1,020 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily volume of 122 shares, the days-to-cover ratio is currently 11.3 days. Based on an average daily volume of 122 shares, the days-to-cover ratio is currently 11.3 days. Approximately 2.8% of the company’s stock are short sold.

First Trust S&P 500 Diversified Free Cash Flow ETF Trading Down 0.2%

First Trust S&P 500 Diversified Free Cash Flow ETF stock traded down $0.05 during midday trading on Monday, reaching $26.64. The stock had a trading volume of 565 shares, compared to its average volume of 624. The company has a fifty day moving average price of $27.44 and a two-hundred day moving average price of $27.03. First Trust S&P 500 Diversified Free Cash Flow ETF has a 12 month low of $19.99 and a 12 month high of $28.39. The company has a market capitalization of $1.33 million, a P/E ratio of 14.24 and a beta of 1.06.

Institutional Trading of First Trust S&P 500 Diversified Free Cash Flow ETF

Several hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in shares of First Trust S&P 500 Diversified Free Cash Flow ETF in the fourth quarter valued at approximately $26,000. Triumph Capital Management bought a new stake in First Trust S&P 500 Diversified Free Cash Flow ETF during the third quarter worth $40,000. Finally, Citadel Advisors LLC boosted its position in First Trust S&P 500 Diversified Free Cash Flow ETF by 18.2% in the third quarter. Citadel Advisors LLC now owns 25,525 shares of the company’s stock worth $686,000 after purchasing an additional 3,926 shares during the last quarter.

First Trust S&P 500 Diversified Free Cash Flow ETF Company Profile

(Get Free Report)

The First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is an exchange-traded fund that is based on the S&P 500 Sector-Neutral FCF index. The fund tracks an index composed of the largest U.S. companies that are perceived to have strong free cash flow yields in comparison to other firms within the same GICS sector FCFY was launched on Aug 23, 2023 and is issued by First Trust.

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