Short Interest in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Decreases By 60.0%

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 6,800 shares, a drop of 60.0% from the February 28th total of 17,000 shares. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.0% of the shares of the company are short sold.

First Trust SMID Capital Strength ETF Trading Down 1.4 %

Shares of FSCS traded down $0.48 during midday trading on Friday, reaching $34.41. The stock had a trading volume of 7,585 shares, compared to its average volume of 3,593. The firm has a market cap of $24.08 million, a PE ratio of 16.31 and a beta of 1.16. The firm has a 50 day simple moving average of $35.55 and a 200-day simple moving average of $35.86. First Trust SMID Capital Strength ETF has a one year low of $31.36 and a one year high of $38.61.

First Trust SMID Capital Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a dividend of $0.0389 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Thursday, March 27th.

Hedge Funds Weigh In On First Trust SMID Capital Strength ETF

Institutional investors have recently bought and sold shares of the business. Independent Advisor Alliance bought a new position in shares of First Trust SMID Capital Strength ETF during the 4th quarter worth approximately $200,000. Allworth Financial LP bought a new position in First Trust SMID Capital Strength ETF during the fourth quarter worth $32,000. Global Retirement Partners LLC acquired a new position in shares of First Trust SMID Capital Strength ETF in the fourth quarter valued at $35,000. Pinnacle Bancorp Inc. bought a new position in shares of First Trust SMID Capital Strength ETF in the fourth quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of First Trust SMID Capital Strength ETF during the 4th quarter worth about $39,000.

About First Trust SMID Capital Strength ETF

The First Trust SMID Capital Strength ETF (FSCS) is an exchange-traded fund that is based on the The SMID Capital Strength index. The fund tracks an equal-weighted index of 100 well-capitalized small- and mid-cap US companies perceived to hold strong market positions. FSCS was launched on Jun 20, 2017 and is issued by First Trust.