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

First Trust Capital Strength ETF (NASDAQ:FTCS) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 20,700 shares, a drop of 71.4% from the February 28th total of 72,400 shares. Based on an average daily volume of 290,800 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

First Trust Capital Strength ETF Trading Up 0.5 %

Shares of FTCS opened at $89.30 on Thursday. First Trust Capital Strength ETF has a 1-year low of $81.16 and a 1-year high of $94.23. The stock has a market capitalization of $8.79 billion, a P/E ratio of 23.46 and a beta of 0.86. The business’s 50-day moving average price is $89.69 and its 200 day moving average price is $90.20.

Institutional Trading of First Trust Capital Strength ETF

A number of hedge funds have recently modified their holdings of FTCS. LPL Financial LLC boosted its holdings in shares of First Trust Capital Strength ETF by 2.3% during the fourth quarter. LPL Financial LLC now owns 7,542,669 shares of the company’s stock worth $662,397,000 after purchasing an additional 169,120 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of First Trust Capital Strength ETF during the 4th quarter valued at $494,019,000. Bank of America Corp DE grew its holdings in shares of First Trust Capital Strength ETF by 57.8% during the 4th quarter. Bank of America Corp DE now owns 1,714,864 shares of the company’s stock valued at $150,599,000 after acquiring an additional 628,128 shares in the last quarter. Royal Bank of Canada increased its stake in shares of First Trust Capital Strength ETF by 0.3% in the fourth 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 last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of First Trust Capital Strength ETF by 5.0% during the fourth 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 in the last quarter.

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).