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

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 7,001 shares, a decrease of 71.2% from the August 15th total of 24,324 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 6,858 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On First Trust SMID Capital Strength ETF

Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in First Trust SMID Capital Strength ETF during the first quarter worth about $550,000. Envestnet Asset Management Inc. raised its holdings in First Trust SMID Capital Strength ETF by 7.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 8,257 shares of the company’s stock worth $303,000 after acquiring an additional 550 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of First Trust SMID Capital Strength ETF by 20.8% in the third quarter. Two Sigma Investments LP now owns 12,200 shares of the company’s stock worth $448,000 after purchasing an additional 2,100 shares during the last quarter. Equitable Holdings Inc. bought a new position in First Trust SMID Capital Strength ETF during the 3rd quarter valued at about $274,000. Finally, Citadel Advisors LLC bought a new position in First Trust SMID Capital Strength ETF during the third quarter valued at approximately $1,260,000.

First Trust SMID Capital Strength ETF Stock Performance

Shares of NASDAQ FSCS traded up $0.21 during trading hours on Friday, hitting $36.84. The company’s stock had a trading volume of 30,880 shares, compared to its average volume of 6,331. First Trust SMID Capital Strength ETF has a 12 month low of $34.30 and a 12 month high of $38.54. The business has a 50-day simple moving average of $37.56 and a 200-day simple moving average of $36.53. The stock has a market cap of $57.10 million, a price-to-earnings ratio of 16.57 and a beta of 0.88.

First Trust SMID Capital Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1219 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.09. This represents a $0.49 dividend on an annualized basis and a yield of 1.3%.

First Trust SMID Capital Strength ETF Company Profile

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.