First Trust Capital Strength ETF (NASDAQ:FTCS) Short Interest Down 71.4% in March

First Trust Capital Strength ETF (NASDAQ:FTCS) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 20,700 shares, a decline of 71.4% from the February 28th total of 72,400 shares. Based on an average daily trading volume, of 290,800 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

First Trust Capital Strength ETF Price Performance

Shares of FTCS stock traded down $0.84 on Friday, hitting $88.61. 585,206 shares of the company’s stock were exchanged, compared to its average volume of 285,199. The company has a 50 day moving average of $89.70 and a 200 day moving average of $90.19. The stock has a market cap of $8.72 billion, a P/E ratio of 23.46 and a beta of 0.86. First Trust Capital Strength ETF has a 12 month low of $81.16 and a 12 month high of $94.23.

First Trust Capital Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.2159 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 0.97%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Citigroup Inc. increased its holdings in First Trust Capital Strength ETF by 13.7% in the 3rd quarter. Citigroup Inc. now owns 60,712 shares of the company’s stock worth $5,513,000 after acquiring an additional 7,298 shares during the last quarter. Fisher Asset Management LLC bought a new stake in shares of First Trust Capital Strength ETF during the third quarter valued at approximately $249,000. FMR LLC increased its holdings in shares of First Trust Capital Strength ETF by 19.4% during the third quarter. FMR LLC now owns 21,619 shares of the company’s stock valued at $1,963,000 after acquiring an additional 3,508 shares in the last quarter. Avestar Capital LLC purchased a new stake in shares of First Trust Capital Strength ETF during the third quarter valued at $209,000. Finally, Townsquare Capital LLC grew its stake in shares of First Trust Capital Strength ETF by 24.6% during the 3rd quarter. Townsquare Capital LLC now owns 3,955 shares of the company’s stock valued at $359,000 after purchasing an additional 781 shares during the period.

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).