Hedge Fund Increases Position in First Trust S&P 500 Diversified Free Cash Flow ETF
What happened
Triumph Capital Management increased its holding in First Trust S&P 500 Diversified Free Cash Flow ETF during the second quarter, according to a disclosure with the Securities and Exchange Commission. Separately, the ETF saw a large rise in short interest, totaling 8,510 shares as of September 15th, which is a 2,627.6% increase from August 31st. On Thursday, the ETF traded down $0.39, reaching $29.14.
From themarketsdaily.com
Why it matters
The increase in short interest and the simultaneous institutional buying by Triumph Capital Management reflect contrasting market sentiment toward the ETF. The ETF currently has 17.0% of its shares short sold, and its trading volume on Thursday was 151 shares compared to its average of 610.
From themarketsdaily.com
Who's involved
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The entities involved
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Securities and Exchange Commission
government agency of the Philippines
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