Short Interest in First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Decreases By 14.2%

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 15,242 shares, a decline of 14.2% from the December 31st total of 17,767 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 16,950 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 16,950 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust New Constructs Core Earnings Leaders ETF

Institutional investors have recently bought and sold shares of the business. Accurate Wealth Management LLC bought a new stake in First Trust New Constructs Core Earnings Leaders ETF during the third quarter valued at about $294,000. Luken Investment Analytics LLC boosted its stake in shares of First Trust New Constructs Core Earnings Leaders ETF by 34.9% in the fourth quarter. Luken Investment Analytics LLC now owns 25,170 shares of the company’s stock worth $627,000 after acquiring an additional 6,510 shares during the period. Finally, Horizon Advisory Services Inc. grew its position in shares of First Trust New Constructs Core Earnings Leaders ETF by 0.6% during the second quarter. Horizon Advisory Services Inc. now owns 1,946,146 shares of the company’s stock worth $43,089,000 after purchasing an additional 11,185 shares in the last quarter.

First Trust New Constructs Core Earnings Leaders ETF Price Performance

Shares of NYSEARCA:FTCE opened at $24.98 on Wednesday. The company has a market capitalization of $57.45 million, a P/E ratio of 23.72 and a beta of 1.12. First Trust New Constructs Core Earnings Leaders ETF has a 1-year low of $17.26 and a 1-year high of $25.89. The firm’s 50 day simple moving average is $25.13 and its two-hundred day simple moving average is $24.18.

About First Trust New Constructs Core Earnings Leaders ETF

The First Trust New Constructs Core Earnings Leaders ETF (FTCE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of companies with high earnings quality, as selected and measured using the Earnings Capture metric. The fund holds 100 securities, representing the top companies within each Bloomberg sector classification. FTCE was launched on Oct 2, 2024 and is issued by First Trust.