First Trust Capital Strength ETF (NASDAQ:FTCS) Short Interest Down 53.4% in February

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 15,300 shares, a decline of 53.4% from the January 31st total of 32,800 shares. Based on an average daily volume of 283,500 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Capital Strength ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in First Trust Capital Strength ETF by 2.3% in the 4th quarter. LPL Financial LLC now owns 7,542,669 shares of the company’s stock worth $662,397,000 after acquiring an additional 169,120 shares during the period. Raymond James Financial Inc. purchased a new position in First Trust Capital Strength ETF in the 4th quarter worth approximately $494,019,000. Bank of America Corp DE boosted its holdings in First Trust Capital Strength ETF by 57.8% in the 4th quarter. Bank of America Corp DE now owns 1,714,864 shares of the company’s stock worth $150,599,000 after acquiring an additional 628,128 shares during the period. Royal Bank of Canada boosted its holdings in First Trust Capital Strength ETF by 0.3% in the 4th quarter. Royal Bank of Canada now owns 1,406,740 shares of the company’s stock worth $123,539,000 after acquiring an additional 3,912 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in First Trust Capital Strength ETF by 5.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,101,673 shares of the company’s stock worth $96,749,000 after acquiring an additional 52,070 shares during the period.

First Trust Capital Strength ETF Stock Performance

Shares of NASDAQ:FTCS traded up $1.12 during trading on Friday, reaching $91.34. 309,692 shares of the stock were exchanged, compared to its average volume of 305,441. First Trust Capital Strength ETF has a 12-month low of $81.16 and a 12-month high of $94.23. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. The firm’s 50-day moving average price is $89.22 and its 200 day moving average price is $90.21.

First Trust Capital Strength ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.4043 dividend. The ex-dividend date was Friday, December 13th.

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).