First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Update

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 68,400 shares, a decline of 22.4% from the July 31st total of 88,100 shares. Based on an average daily trading volume, of 699,400 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 699,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FTSM. Newbridge Financial Services Group Inc. lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after purchasing an additional 423 shares during the period. Anderson Financial Strategies LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at about $45,000. Salomon & Ludwin LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at about $60,000. SVB Wealth LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at about $132,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at about $148,000.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM opened at $60.01 on Thursday. The business’s 50-day moving average price is $59.96 and its two-hundred day moving average price is $59.93. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.69 and a 12 month high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 29th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.22.

First Trust Enhanced Short Maturity ETF Company Profile

The First Trust Enhanced Short Maturity ETF (FTSM) is an exchange-traded fund that is based on the Bloomberg U.S. Short Treasury Bond index. The fund is actively-managed to invest in a variety of fixed income securities with a target maturity of less than three years. FTSM was launched on Aug 5, 2014 and is managed by First Trust.