First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Short Interest Up 93.1% in March

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 30,021 shares, a growth of 93.1% from the March 15th total of 15,549 shares. Based on an average daily trading volume, of 28,572 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.1% of the company’s shares are sold short.

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

A number of institutional investors have recently modified their holdings of FTCE. Accurate Wealth Management LLC acquired a new stake in shares of First Trust New Constructs Core Earnings Leaders ETF in the third quarter valued at $294,000. Luken Investment Analytics LLC grew 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 valued at $627,000 after buying an additional 6,510 shares in the last quarter. Harbour Investments Inc. purchased a new position in First Trust New Constructs Core Earnings Leaders ETF in the fourth quarter valued at $337,000. Finally, Thoroughbred Financial Services LLC purchased a new position in First Trust New Constructs Core Earnings Leaders ETF in the fourth quarter valued at $767,000.

First Trust New Constructs Core Earnings Leaders ETF Stock Performance

Shares of NYSEARCA FTCE opened at $24.27 on Monday. First Trust New Constructs Core Earnings Leaders ETF has a twelve month low of $18.06 and a twelve month high of $25.89. The stock has a fifty day simple moving average of $24.45 and a 200-day simple moving average of $24.68. The stock has a market capitalization of $65.53 million, a PE ratio of 23.72 and a beta of 1.00.

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.