Short Interest in First Trust International Developed Capital Strength ETF (NASDAQ:FICS) Drops By 33.0%

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 6,500 shares, a drop of 33.0% from the February 13th total of 9,700 shares. Based on an average daily trading volume, of 29,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

First Trust International Developed Capital Strength ETF Stock Performance

Shares of FICS traded up $0.56 during mid-day trading on Friday, hitting $37.21. The company’s stock had a trading volume of 211,087 shares, compared to its average volume of 30,013. The firm has a market capitalization of $178.61 million, a PE ratio of 18.37 and a beta of 0.84. First Trust International Developed Capital Strength ETF has a one year low of $33.06 and a one year high of $37.93. The stock’s 50-day moving average is $35.77 and its two-hundred day moving average is $35.82.

Institutional Investors Weigh In On First Trust International Developed Capital Strength ETF

A number of institutional investors have recently added to or reduced their stakes in FICS. JPMorgan Chase & Co. grew its stake in First Trust International Developed Capital Strength ETF by 59.7% during the third quarter. JPMorgan Chase & Co. now owns 1,247 shares of the company’s stock worth $47,000 after buying an additional 466 shares during the last quarter. DHJJ Financial Advisors Ltd. grew its position in shares of First Trust International Developed Capital Strength ETF by 4.3% during the 4th quarter. DHJJ Financial Advisors Ltd. now owns 14,358 shares of the company’s stock worth $488,000 after buying an additional 591 shares during the period. TD Capital Management LLC raised its stake in shares of First Trust International Developed Capital Strength ETF by 49.8% during the fourth quarter. TD Capital Management LLC now owns 2,346 shares of the company’s stock worth $80,000 after buying an additional 780 shares during the last quarter. Jane Street Group LLC lifted its holdings in First Trust International Developed Capital Strength ETF by 3.0% in the fourth quarter. Jane Street Group LLC now owns 50,144 shares of the company’s stock valued at $1,703,000 after buying an additional 1,449 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its stake in First Trust International Developed Capital Strength ETF by 8.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,633 shares of the company’s stock valued at $701,000 after acquiring an additional 1,674 shares during the last quarter.

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).