First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Short Interest Update

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 12,954 shares, a decrease of 35.1% from the June 30th total of 19,960 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 6,831 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Thoroughbred Financial Services LLC bought a new stake in shares of First Trust New Constructs Core Earnings Leaders ETF in the fourth quarter valued at approximately $767,000. Luken Investment Analytics LLC lifted its stake in shares of First Trust New Constructs Core Earnings Leaders ETF by 34.9% during the 4th quarter. Luken Investment Analytics LLC now owns 25,170 shares of the company’s stock valued at $627,000 after buying an additional 6,510 shares in the last quarter. Finally, Harbour Investments Inc. purchased a new stake in shares of First Trust New Constructs Core Earnings Leaders ETF during the 4th quarter valued at approximately $337,000.

First Trust New Constructs Core Earnings Leaders ETF Stock Performance

FTCE stock remained flat at $27.13 during mid-day trading on Friday. 2,855 shares of the company’s stock traded hands, compared to its average volume of 13,495. The stock has a market cap of $82.75 million, a price-to-earnings ratio of 23.72 and a beta of 1.02. First Trust New Constructs Core Earnings Leaders ETF has a twelve month low of $21.95 and a twelve month high of $28.55. The firm’s 50 day moving average is $27.28 and its two-hundred day moving average is $25.78.

First Trust New Constructs Core Earnings Leaders ETF Company Profile

The First Trust New Constructs Core Earnings Leaders ETF (FTCE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of companies with high earnings quality, as selected and measured using the Earnings Capture metric. The fund holds 100 securities, representing the top companies within each Bloomberg sector classification. FTCE was launched on Oct 2, 2024 and is issued by First Trust.