First Trust Growth Strength ETF (NASDAQ:FTGS) Short Interest Update

First Trust Growth Strength ETF (NASDAQ:FTGS) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 63,800 shares, an increase of 164.7% from the April 15th total of 24,100 shares. Based on an average trading volume of 160,000 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Several institutional investors have recently modified their holdings of FTGS. Pinnacle Bancorp Inc. bought a new stake in First Trust Growth Strength ETF during the 1st quarter valued at $33,000. Global Retirement Partners LLC acquired a new stake in First Trust Growth Strength ETF in the first quarter worth about $70,000. Benjamin Edwards Inc. bought a new position in First Trust Growth Strength ETF in the 1st quarter valued at about $71,000. Park National Corp OH increased its stake in 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 valued at $9,026,000 after buying an additional 2,895 shares during the period. Finally, Concourse Financial Group Securities Inc. raised its position in shares of First Trust Growth Strength ETF by 63.8% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 10,014 shares of the company’s stock worth $308,000 after buying an additional 3,899 shares in the last quarter.

First Trust Growth Strength ETF Stock Up 0.2 %

Shares of NASDAQ:FTGS traded up $0.07 during trading on Friday, hitting $29.80. 282,319 shares of the company traded hands, compared to its average volume of 141,233. The stock has a market capitalization of $295.02 million, a price-to-earnings ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a one year low of $21.19 and a one year high of $31.29. The business’s fifty day moving average is $29.87 and its 200-day moving average is $27.80.

First Trust Growth Strength ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.0209 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, March 21st.

About First Trust Growth Strength ETF

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.