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

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 87,005 shares, a growth of 113.6% from the February 26th total of 40,727 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 542,063 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FTCS. AQR Capital Management LLC raised its position in shares of First Trust Capital Strength ETF by 93.9% during the 1st quarter. AQR Capital Management LLC now owns 5,690 shares of the company’s stock worth $510,000 after purchasing an additional 2,755 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in First Trust Capital Strength ETF during the 2nd quarter valued at $2,684,000. Richmond Investment Services LLC increased its position in First Trust Capital Strength ETF by 79.5% during the second quarter. Richmond Investment Services LLC now owns 30,743 shares of the company’s stock worth $2,794,000 after buying an additional 13,614 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in First Trust Capital Strength ETF by 4.4% during the second quarter. J.W. Cole Advisors Inc. now owns 47,384 shares of the company’s stock worth $4,307,000 after buying an additional 1,984 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Capital Strength ETF by 9.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 333,602 shares of the company’s stock worth $30,321,000 after acquiring an additional 28,986 shares during the last quarter.

First Trust Capital Strength ETF Stock Performance

NASDAQ:FTCS traded down $0.47 during mid-day trading on Thursday, hitting $92.68. 707,034 shares of the company’s stock traded hands, compared to its average volume of 504,189. The company has a market cap of $7.93 billion, a PE ratio of 21.51 and a beta of 0.80. The firm’s 50 day simple moving average is $96.56 and its 200 day simple moving average is $94.05. First Trust Capital Strength ETF has a 1 year low of $80.65 and a 1 year high of $99.74.

About First Trust Capital Strength ETF

First Trust Capital Strength ETF, formerly First Trust Strategic Value Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Credit Suisse U.S. Value Index, Powered by HOLT (the Index). The Index is developed, maintained and sponsored by Credit Suisse Securities (USA) LLC and Credit Suisse Group AG (collectively, the Index Provider). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.