Short Interest in First Trust International Developed Capital Strength ETF (NASDAQ:FICS) Rises By 51.9%

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 5,451 shares, an increase of 51.9% from the February 26th total of 3,588 shares. Based on an average daily volume of 20,819 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust International Developed Capital Strength ETF Stock Performance

NASDAQ FICS opened at $37.90 on Monday. The stock has a market capitalization of $210.35 million, a price-to-earnings ratio of 19.87 and a beta of 0.75. The stock has a 50-day moving average of $40.55 and a 200 day moving average of $39.56. First Trust International Developed Capital Strength ETF has a twelve month low of $32.79 and a twelve month high of $42.60.

First Trust International Developed Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be paid a dividend of $0.1948 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 26th. This is a positive change from First Trust International Developed Capital Strength ETF’s previous quarterly dividend of $0.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FICS. Nations Financial Group Inc. IA ADV boosted its stake in shares of First Trust International Developed Capital Strength ETF by 2.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 15,532 shares of the company’s stock worth $592,000 after acquiring an additional 322 shares during the last quarter. Private Advisor Group LLC raised its stake in First Trust International Developed Capital Strength ETF by 1.4% in the 3rd quarter. Private Advisor Group LLC now owns 35,145 shares of the company’s stock valued at $1,341,000 after purchasing an additional 479 shares during the last quarter. NBC Securities Inc. raised its stake in First Trust International Developed Capital Strength ETF by 41.6% in the 4th quarter. NBC Securities Inc. now owns 1,643 shares of the company’s stock valued at $66,000 after purchasing an additional 483 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in First Trust International Developed Capital Strength ETF by 42.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,851 shares of the company’s stock valued at $74,000 after purchasing an additional 549 shares in the last quarter. Finally, Midwest Financial Group LLC lifted its holdings in First Trust International Developed Capital Strength ETF by 1.2% in the 3rd quarter. Midwest Financial Group LLC now owns 73,311 shares of the company’s stock valued at $2,796,000 after purchasing an additional 855 shares in the last quarter.

About First Trust International Developed Capital Strength ETF

The First Trust International Developed Cap Strength ETF (FICS) is an exchange-traded fund that mostly invests in total market equity. The First Trust International Developed Capital Strength ETF (the Fund) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called The International Developed Capital Strength IndexSM (the Index). FICS was launched on Dec 15, 2020 and is managed by First Trust.