First Trust Growth Strength ETF (NASDAQ:FTGS) Short Interest Up 85.1% in July

First Trust Growth Strength ETF (NASDAQ:FTGS) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 102,000 shares, an increase of 85.1% from the June 30th total of 55,100 shares. Based on an average daily volume of 219,400 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Several large investors have recently added to or reduced their stakes in the business. Kapstone Financial Advisors LLC purchased a new stake in shares of First Trust Growth Strength ETF in the fourth quarter valued at about $603,000. RiverTree Advisors LLC purchased a new stake in First Trust Growth Strength ETF in the 4th quarter valued at about $7,892,000. Park National Corp OH lifted its position in shares of First Trust Growth Strength ETF by 1.0% during the 1st quarter. Park National Corp OH now owns 293,910 shares of the company’s stock worth $9,026,000 after buying an additional 2,895 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of First Trust Growth Strength ETF by 15.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 113,015 shares of the company’s stock worth $3,077,000 after buying an additional 15,045 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. purchased a new position in shares of First Trust Growth Strength ETF in the 4th quarter worth approximately $167,000.

First Trust Growth Strength ETF Stock Performance

Shares of NASDAQ FTGS traded up $0.13 during trading on Friday, hitting $30.22. 143,207 shares of the company traded hands, compared to its average volume of 163,460. The firm has a market capitalization of $554.54 million, a price-to-earnings ratio of 20.80 and a beta of 1.11. The business’s fifty day moving average is $30.52 and its 200 day moving average is $29.72. First Trust Growth Strength ETF has a fifty-two week low of $22.69 and a fifty-two week high of $31.80.

First Trust Growth Strength ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.0135 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date was Thursday, June 27th.

First Trust Growth Strength ETF Company Profile

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities.