First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Short Interest Down 95.1% in July

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 358 shares, a decrease of 95.1% from the June 30th total of 7,277 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 632 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FSGS. Kestra Advisory Services LLC purchased a new stake in First Trust SMID Growth Strength ETF during the fourth quarter valued at about $73,000. Osaic Holdings Inc. purchased a new position in First Trust SMID Growth Strength ETF in the 2nd quarter valued at approximately $168,000. Western Wealth Management LLC raised its holdings in First Trust SMID Growth Strength ETF by 8.3% during the 4th quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock valued at $230,000 after acquiring an additional 577 shares during the period. Citadel Advisors LLC lifted its position in shares of First Trust SMID Growth Strength ETF by 7.2% during the third quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock worth $1,103,000 after acquiring an additional 2,361 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in shares of First Trust SMID Growth Strength ETF by 59.5% in the third quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock worth $1,312,000 after acquiring an additional 15,668 shares during the period.

First Trust SMID Growth Strength ETF Stock Performance

NASDAQ:FSGS traded up $0.26 on Friday, hitting $31.64. The stock had a trading volume of 70 shares, compared to its average volume of 2,200. The firm’s fifty day simple moving average is $31.37 and its two-hundred day simple moving average is $30.84. The stock has a market cap of $30.05 million, a P/E ratio of 18.32 and a beta of 0.96. First Trust SMID Growth Strength ETF has a 1 year low of $28.35 and a 1 year high of $32.47.

First Trust SMID Growth Strength ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.0102 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%.

About First Trust SMID Growth Strength ETF

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.