First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Sees Significant Increase in Short Interest

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 16,600 shares, an increase of 41.9% from the January 15th total of 11,700 shares. Based on an average trading volume of 5,300 shares, the short-interest ratio is presently 3.1 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. LPL Financial LLC purchased a new stake in shares of First Trust SMID Capital Strength ETF in the 4th quarter valued at $10,406,000. Bullseye Investment Management LLC acquired a new stake in First Trust SMID Capital Strength ETF during the 4th quarter worth $686,000. FSB Premier Wealth Management Inc. purchased a new position in First Trust SMID Capital Strength ETF in the 4th quarter worth approximately $660,000. NewEdge Advisors LLC purchased a new position in shares of First Trust SMID Capital Strength ETF during the 4th quarter worth $623,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of First Trust SMID Capital Strength ETF during the 4th quarter worth approximately $267,000.

First Trust SMID Capital Strength ETF Price Performance

Shares of First Trust SMID Capital Strength ETF stock traded down $0.20 on Friday, reaching $36.08. The company had a trading volume of 3,644 shares, compared to its average volume of 5,578. First Trust SMID Capital Strength ETF has a 1 year low of $30.81 and a 1 year high of $38.61. The firm’s 50-day moving average price is $36.10 and its two-hundred day moving average price is $35.59.

First Trust SMID Capital Strength ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.1089 per share. The ex-dividend date of this dividend was Friday, December 13th.