First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Sees Significant Growth in Short Interest

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 3,200 shares, an increase of 357.1% from the October 31st total of 700 shares. Based on an average daily trading volume, of 3,200 shares, the days-to-cover ratio is currently 1.0 days.

First Trust SMID Capital Strength ETF Stock Performance

NASDAQ:FSCS traded down $0.29 during trading hours on Wednesday, reaching $38.11. 6,267 shares of the company were exchanged, compared to its average volume of 2,625. The stock has a 50-day moving average of $35.94. First Trust SMID Capital Strength ETF has a twelve month low of $28.24 and a twelve month high of $38.61.

First Trust SMID Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.0695 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.28 annualized dividend and a dividend yield of 0.73%.