First Trust Growth Strength ETF (NASDAQ:FTGS) Short Interest Up 85.1% in July

First Trust Growth Strength ETF (NASDAQ:FTGS) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 102,000 shares, a growth of 85.1% from the June 30th total of 55,100 shares. Based on an average trading volume of 219,400 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Institutional investors have recently made changes to their positions in the company. Sweet Financial Partners LLC purchased a new stake in First Trust Growth Strength ETF in the first quarter worth about $9,600,000. RiverTree Advisors LLC purchased a new stake in shares of First Trust Growth Strength ETF in the 4th quarter worth approximately $7,892,000. POM Investment Strategies LLC bought a new position in shares of First Trust Growth Strength ETF during the second quarter valued at approximately $7,229,000. Raymond James Financial Services Advisors Inc. increased its holdings in First Trust Growth Strength ETF by 179.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 349,373 shares of the company’s stock valued at $10,659,000 after buying an additional 224,245 shares during the period. Finally, Raymond James & Associates raised its stake in First Trust Growth Strength ETF by 698.0% in the second quarter. Raymond James & Associates now owns 197,998 shares of the company’s stock worth $6,041,000 after buying an additional 173,186 shares in the last quarter.

First Trust Growth Strength ETF Trading Up 0.4 %

Shares of NASDAQ FTGS traded up $0.13 during trading hours on Friday, reaching $30.22. The stock had a trading volume of 143,207 shares, compared to its average volume of 163,460. First Trust Growth Strength ETF has a 52-week low of $22.69 and a 52-week high of $31.80. The firm has a market cap of $554.54 million, a price-to-earnings ratio of 20.80 and a beta of 1.11. The business’s fifty day moving average price is $30.52 and its two-hundred day moving average price is $29.72.

First Trust Growth Strength ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a $0.0135 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend was Thursday, June 27th.

First Trust Growth Strength ETF Company Profile

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.