First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 840 shares, a decline of 37.2% from the June 15th total of 1,337 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 75 shares, the short-interest ratio is currently 11.2 days.
First Trust S&P 500 Diversified Free Cash Flow ETF Price Performance
NYSEARCA FCFY remained flat at $28.08 during trading hours on Friday. 39 shares of the company traded hands, compared to its average volume of 359. The company has a market cap of $1.40 million, a P/E ratio of 14.24 and a beta of 0.98. First Trust S&P 500 Diversified Free Cash Flow ETF has a one year low of $24.81 and a one year high of $29.05. The company’s 50-day moving average is $27.53 and its 200-day moving average is $26.97.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in FCFY. Kestra Advisory Services LLC acquired a new position in shares of First Trust S&P 500 Diversified Free Cash Flow ETF in the 4th quarter valued at $26,000. Triumph Capital Management purchased a new stake in First Trust S&P 500 Diversified Free Cash Flow ETF in the 3rd quarter valued at about $40,000. Finally, Citadel Advisors LLC lifted 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 valued at $686,000 after buying an additional 3,926 shares during the last quarter.
First Trust S&P 500 Diversified Free Cash Flow ETF Company Profile
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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