First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 201 shares, a drop of 97.6% from the September 15th total of 8,510 shares. Based on an average daily trading volume, of 3,117 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the company’s stock are sold short.
First Trust S&P 500 Diversified Free Cash Flow ETF Stock Performance
Shares of NYSEARCA:FCFY traded down $0.13 during trading on Friday, hitting $29.42. The company’s stock had a trading volume of 128 shares, compared to its average volume of 721. The business has a 50 day moving average price of $29.92 and a two-hundred day moving average price of $28.10. The company has a market capitalization of $1.47 million, a PE ratio of 14.24 and a beta of 0.98. First Trust S&P 500 Diversified Free Cash Flow ETF has a fifty-two week low of $24.92 and a fifty-two week high of $31.01.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in First Trust S&P 500 Diversified Free Cash Flow ETF stock. Citadel Advisors LLC boosted its stake in shares of First Trust S&P 500 Diversified Free Cash Flow ETF (NYSEARCA:FCFY – Free Report) by 17.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,304 shares of the company’s stock after purchasing an additional 3,081 shares during the quarter. Citadel Advisors LLC owned approximately 40.61% of First Trust S&P 500 Diversified Free Cash Flow ETF worth $548,000 as of its most recent SEC filing.
About First Trust S&P 500 Diversified Free Cash Flow ETF
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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