Short Interest in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Grows By 22.7%

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 21,100 shares, an increase of 22.7% from the February 12th total of 17,190 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average trading volume of 4,098 shares, the short-interest ratio is presently 5.1 days. Based on an average trading volume of 4,098 shares, the short-interest ratio is presently 5.1 days. Approximately 1.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC bought a new stake in shares of First Trust SMID Capital Strength ETF during the 3rd quarter valued at about $30,000. International Assets Investment Management LLC lifted its holdings in First Trust SMID Capital Strength ETF by 5.3% in the fourth quarter. International Assets Investment Management LLC now owns 6,390 shares of the company’s stock worth $229,000 after acquiring an additional 321 shares during the last quarter. Equitable Holdings Inc. bought a new position in First Trust SMID Capital Strength ETF in the third quarter worth about $274,000. Envestnet Asset Management Inc. boosted its stake in First Trust SMID Capital Strength ETF by 7.1% in the third quarter. Envestnet Asset Management Inc. now owns 8,257 shares of the company’s stock valued at $303,000 after acquiring an additional 550 shares during the period. Finally, Cetera Investment Advisers boosted its stake in First Trust SMID Capital Strength ETF by 10.7% in the fourth quarter. Cetera Investment Advisers now owns 8,584 shares of the company’s stock valued at $307,000 after acquiring an additional 829 shares during the period.

First Trust SMID Capital Strength ETF Price Performance

First Trust SMID Capital Strength ETF stock opened at $35.57 on Monday. The company has a market cap of $58.69 million, a PE ratio of 16.57 and a beta of 1.03. The company has a fifty day moving average price of $36.95 and a two-hundred day moving average price of $36.39. First Trust SMID Capital Strength ETF has a 12 month low of $30.22 and a 12 month high of $37.78.

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.