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

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

First Trust SMID Capital Strength ETF Stock Performance

First Trust SMID Capital Strength ETF stock traded down $0.48 during midday trading on Friday, hitting $34.41. 7,585 shares of the company’s stock were exchanged, compared to its average volume of 3,593. First Trust SMID Capital Strength ETF has a 52-week low of $31.36 and a 52-week high of $38.61. The company has a market cap of $24.08 million, a P/E ratio of 16.31 and a beta of 1.16. The stock has a 50-day moving average price of $35.58 and a two-hundred day moving average price of $35.84.

First Trust SMID Capital Strength ETF Cuts Dividend

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

Hedge Funds Weigh In On First Trust SMID Capital Strength ETF

A number of institutional investors have recently bought and sold shares of the stock. Mpwm Advisory Solutions LLC bought a new position in shares of First Trust SMID Capital Strength ETF during the fourth quarter valued at $58,000. Aptus Capital Advisors LLC bought a new stake in First Trust SMID Capital Strength ETF in the 4th quarter worth approximately $96,000. Concourse Financial Group Securities Inc. purchased a new stake in shares of First Trust SMID Capital Strength ETF during the 4th quarter valued at about $170,000. NewEdge Advisors LLC bought a new stake in First Trust SMID Capital Strength ETF in the fourth quarter worth $623,000. Finally, Envestnet Asset Management Inc. bought a new position in First Trust SMID Capital Strength ETF in the 4th quarter valued at $267,000.

First Trust SMID Capital Strength ETF Company Profile

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.