First Trust International Developed Capital Strength ETF (NASDAQ:FICS) Sees Significant Increase in Short Interest

by · The Markets Daily

First Trust International Developed Capital Strength ETF (NASDAQ:FICS – Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 25,664 shares, a growth of 370.8% from the March 15th total of 5,451 shares. Based on an average daily trading volume, of 21,829 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the shares of the company are short sold.

First Trust International Developed Capital Strength ETF Stock Performance

Shares of NASDAQ FICS opened at $40.56 on Friday. The company’s fifty day moving average price is $40.39 and its 200 day moving average price is $39.62. First Trust International Developed Capital Strength ETF has a 1 year low of $35.78 and a 1 year high of $43.38. The company has a market capitalization of $223.08 million, a PE ratio of 19.87 and a beta of 0.76.

First Trust International Developed Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.1948 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.9%. This is a boost from First Trust International Developed Capital Strength ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust International Developed Capital Strength ETF

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new position in First Trust International Developed Capital Strength ETF during the third quarter worth about $50,000. NBC Securities Inc. raised its position in First Trust International Developed Capital Strength ETF by 41.6% in the fourth 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 period. Steward Partners Investment Advisory LLC purchased a new stake in shares of First Trust International Developed Capital Strength ETF in the 4th quarter valued at approximately $157,000. Kestra Advisory Services LLC purchased a new stake in shares of First Trust International Developed Capital Strength ETF in the 4th quarter valued at approximately $177,000. Finally, IFC & Insurance Marketing Inc. purchased a new stake in shares of First Trust International Developed Capital Strength ETF in the 4th quarter valued at approximately $204,000.

First Trust International Developed Capital Strength ETF Company Profile

(Get Free Report)

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.

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