First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Sees Large Increase in Short Interest

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 152 shares, an increase of 68.9% from the July 30th total of 90 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,716 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust SMID Growth Strength ETF

A number of institutional investors have recently modified their holdings of FSGS. Susquehanna International Group LLP lifted its stake 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 buying an additional 15,668 shares during the last quarter. Citadel Advisors LLC grew its stake in First Trust SMID Growth Strength ETF by 7.2% in the 3rd quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock valued at $1,103,000 after buying an additional 2,361 shares during the last quarter. Western Wealth Management LLC grew its stake in First Trust SMID Growth Strength ETF by 8.3% in the 4th quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock valued at $230,000 after buying an additional 577 shares during the last quarter. Osaic Holdings Inc. bought a new position in First Trust SMID Growth Strength ETF in the 2nd quarter worth $168,000. Finally, Kestra Advisory Services LLC bought a new position in First Trust SMID Growth Strength ETF in the 4th quarter worth $73,000.

First Trust SMID Growth Strength ETF Stock Performance

Shares of NASDAQ FSGS traded down $0.20 during mid-day trading on Monday, reaching $33.76. 916 shares of the company traded hands, compared to its average volume of 2,021. The company’s fifty day moving average is $32.65 and its two-hundred day moving average is $31.21. First Trust SMID Growth Strength ETF has a fifty-two week low of $28.35 and a fifty-two week high of $34.15. The stock has a market cap of $32.07 million, a PE ratio of 18.32 and a beta of 0.96.

First Trust SMID Growth Strength ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.0102 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.04 dividend on an annualized basis and a 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.