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

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 6,500 shares, a drop of 33.0% from the February 13th total of 9,700 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 29,000 shares, the days-to-cover ratio is presently 0.2 days.

First Trust International Developed Capital Strength ETF Stock Up 1.5 %

Shares of NASDAQ FICS traded up $0.56 during trading on Friday, hitting $37.21. The company had a trading volume of 211,087 shares, compared to its average volume of 29,932. The stock has a fifty day simple moving average of $35.77 and a two-hundred day simple moving average of $35.82. First Trust International Developed Capital Strength ETF has a fifty-two week low of $33.06 and a fifty-two week high of $37.93. The firm has a market capitalization of $178.61 million, a price-to-earnings ratio of 18.37 and a beta of 0.84.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in First Trust International Developed Capital Strength ETF by 59.7% during the third quarter. JPMorgan Chase & Co. now owns 1,247 shares of the company’s stock worth $47,000 after purchasing an additional 466 shares during the period. TD Capital Management LLC raised its stake in First Trust International Developed Capital Strength ETF by 49.8% during the fourth quarter. TD Capital Management LLC now owns 2,346 shares of the company’s stock worth $80,000 after purchasing an additional 780 shares during the period. Coppell Advisory Solutions LLC raised its stake in First Trust International Developed Capital Strength ETF by 298.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 3,539 shares of the company’s stock worth $120,000 after purchasing an additional 2,651 shares during the period. International Assets Investment Management LLC purchased a new position in First Trust International Developed Capital Strength ETF during the fourth quarter worth about $202,000. Finally, Sanctuary Advisors LLC purchased a new position in First Trust International Developed Capital Strength ETF during the fourth quarter worth about $296,000.

About First Trust International Developed Capital Strength ETF

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).