First Trust Growth Strength ETF (NASDAQ:FTGS) Short Interest Up 219.4% in May

First Trust Growth Strength ETF (NASDAQ:FTGS) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 79,231 shares, a growth of 219.4% from the May 14th total of 24,809 shares. Based on an average daily trading volume, of 80,090 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Several institutional investors have recently made changes to their positions in the company. Petix & Botte Co increased its holdings in shares of First Trust Growth Strength ETF by 4.6% during the 3rd quarter. Petix & Botte Co now owns 8,626 shares of the company’s stock valued at $310,000 after purchasing an additional 376 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of First Trust Growth Strength ETF by 58.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock valued at $37,000 after purchasing an additional 385 shares in the last quarter. Lake Street Private Wealth LLC increased its holdings in shares of First Trust Growth Strength ETF by 7.2% during the 4th quarter. Lake Street Private Wealth LLC now owns 6,271 shares of the company’s stock valued at $222,000 after purchasing an additional 420 shares in the last quarter. WPG Advisers LLC increased its holdings in First Trust Growth Strength ETF by 3.4% in the 4th quarter. WPG Advisers LLC now owns 14,467 shares of the company’s stock worth $511,000 after acquiring an additional 469 shares in the last quarter. Finally, Smith Moore & CO. increased its holdings in First Trust Growth Strength ETF by 6.2% in the 3rd quarter. Smith Moore & CO. now owns 8,103 shares of the company’s stock worth $291,000 after acquiring an additional 476 shares in the last quarter.

First Trust Growth Strength ETF Trading Up 1.4%

FTGS opened at $36.86 on Friday. First Trust Growth Strength ETF has a 12-month low of $32.41 and a 12-month high of $37.92. The firm has a market capitalization of $1.25 billion, a PE ratio of 23.90 and a beta of 1.02. The firm has a 50 day moving average of $36.22 and a two-hundred day moving average of $35.73.

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