First Trust International Developed Capital Strength ETF (NASDAQ:FICS) Stock Short Interest Falls 57.4%

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,178 shares, a drop of 57.4% from the September 15th total of 5,109 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 7,464 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FICS. Kestra Advisory Services LLC increased its position in First Trust International Developed Capital Strength ETF by 29.5% during the 1st quarter. Kestra Advisory Services LLC now owns 5,730 shares of the company’s stock valued at $224,000 after purchasing an additional 1,305 shares during the period. Claris Financial LLC boosted its position in shares of First Trust International Developed Capital Strength ETF by 17.5% in the 1st quarter. Claris Financial LLC now owns 6,393 shares of the company’s stock worth $250,000 after purchasing an additional 953 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of First Trust International Developed Capital Strength ETF by 11.6% during the first quarter. International Assets Investment Management LLC now owns 6,577 shares of the company’s stock worth $260,000 after acquiring an additional 682 shares during the last quarter. Founders Financial Securities LLC increased its stake in First Trust International Developed Capital Strength ETF by 21.4% during the 1st quarter. Founders Financial Securities LLC now owns 10,715 shares of the company’s stock valued at $435,000 after purchasing an additional 1,886 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in First Trust International Developed Capital Strength ETF during the 1st quarter worth about $501,000.

First Trust International Developed Capital Strength ETF Trading Up 0.7%

Shares of NASDAQ:FICS traded up $0.29 during mid-day trading on Tuesday, reaching $40.16. The stock had a trading volume of 3,412 shares, compared to its average volume of 20,484. The company has a market cap of $196.76 million, a P/E ratio of 19.87 and a beta of 0.70. First Trust International Developed Capital Strength ETF has a 1 year low of $37.65 and a 1 year high of $43.38. The business’s 50 day moving average price is $41.57 and its 200 day moving average price is $41.17.

First Trust International Developed Capital Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.1036 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a decrease from First Trust International Developed Capital Strength ETF’s previous quarterly dividend of $0.4455. This represents a $0.41 annualized dividend and a yield of 1.0%.

About First Trust International Developed Capital Strength ETF

The First Trust International Developed Cap Strength ETF (FICS) is an exchange-traded fund that mostly invests in total market equity. The First Trust International Developed Capital Strength ETF (the Fund) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called The International Developed Capital Strength IndexSM (the Index). FICS was launched on Dec 15, 2020 and is managed by First Trust.