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 shares of the company are sold short. Based on an average trading volume of 135,045 shares, the short-interest ratio is currently 0.5 days.
First Trust Growth Strength ETF Stock Up 0.1%
FTGS opened at $37.86 on Wednesday. First Trust Growth Strength ETF has a 52 week low of $33.00 and a 52 week high of $38.65. The business has a 50 day moving average price of $36.96 and a two-hundred day moving average price of $36.05. The company has a market cap of $1.28 billion, a PE ratio of 23.90 and a beta of 1.02.
Hedge Funds Weigh In On First Trust Growth Strength ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of FTGS. Rothschild Investment LLC purchased a new position in First Trust Growth Strength ETF during the 4th quarter worth $28,000. Capital Investment Advisory Services LLC raised its holdings in First Trust Growth Strength ETF by 6,214.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock worth $31,000 after purchasing an additional 870 shares in the last quarter. Allworth Financial LP purchased a new position in First Trust Growth Strength ETF during the third quarter worth about $32,000. Cullen Frost Bankers Inc. raised its holdings in First Trust Growth Strength ETF by 58.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock worth $37,000 after purchasing an additional 385 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in First Trust Growth Strength ETF by 100.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock valued at $40,000 after purchasing an additional 557 shares during the period.
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.
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