Short Interest in First Trust Growth Strength ETF (NASDAQ:FTGS) Increases By 125.4%

by · The Markets Daily

First Trust Growth Strength ETF (NASDAQ:FTGS – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 66,285 shares, a growth of 125.4% from the June 15th total of 29,408 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 135,045 shares, the short-interest ratio is currently 0.5 days.

First Trust Growth Strength ETF Price Performance

FTGS traded up $0.19 during trading on Thursday, hitting $37.98. The company’s stock had a trading volume of 118,657 shares, compared to its average volume of 141,481. The firm’s 50 day moving average price is $36.99 and its 200-day moving average price is $36.06. The stock has a market cap of $1.28 billion, a PE ratio of 23.90 and a beta of 1.02. First Trust Growth Strength ETF has a twelve month low of $33.00 and a twelve month high of $38.65.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Several institutional investors have recently added to or reduced their stakes in FTGS. IFC & Insurance Marketing Inc. boosted its stake in First Trust Growth Strength ETF by 7.4% in the 2nd quarter. IFC & Insurance Marketing Inc. now owns 182,240 shares of the company’s stock worth $6,743,000 after buying an additional 12,587 shares during the last quarter. First Heartland Consultants Inc. acquired a new position in shares of First Trust Growth Strength ETF during the 2nd quarter valued at about $238,000. CoreCap Advisors LLC increased its stake in shares of First Trust Growth Strength ETF by 7.0% during the 2nd quarter. CoreCap Advisors LLC now owns 30,085 shares of the company’s stock valued at $1,113,000 after acquiring an additional 1,975 shares during the last quarter. Hobart Private Capital LLC lifted its holdings in shares of First Trust Growth Strength ETF by 5.5% during the 2nd quarter. Hobart Private Capital LLC now owns 425,915 shares of the company’s stock worth $15,760,000 after acquiring an additional 22,326 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of First Trust Growth Strength ETF by 10.8% during the 1st quarter. NewEdge Advisors LLC now owns 251,181 shares of the company’s stock worth $8,552,000 after acquiring an additional 24,427 shares during the period.

First Trust Growth Strength ETF Company Profile

(Get Free Report)

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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.

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