First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Up 721.6% in September

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 304,000 shares, an increase of 721.6% from the August 31st total of 37,000 shares. Based on an average daily trading volume, of 655,900 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 655,900 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

A number of large investors have recently bought and sold shares of FTSM. Concorde Asset Management LLC grew its position in First Trust Enhanced Short Maturity ETF by 1,243.9% during the 1st quarter. Concorde Asset Management LLC now owns 1,165,643 shares of the company’s stock worth $69,717,000 after acquiring an additional 1,078,906 shares during the last quarter. Paragon Advisors LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the 2nd quarter worth approximately $63,815,000. Raymond James Financial Inc. grew its position in First Trust Enhanced Short Maturity ETF by 23.2% during the 1st quarter. Raymond James Financial Inc. now owns 3,192,327 shares of the company’s stock worth $191,029,000 after acquiring an additional 600,198 shares during the last quarter. IFP Advisors Inc grew its position in First Trust Enhanced Short Maturity ETF by 118.2% during the 1st quarter. IFP Advisors Inc now owns 770,064 shares of the company’s stock worth $46,081,000 after acquiring an additional 417,113 shares during the last quarter. Finally, Hansen & Associates Financial Group Inc. grew its position in First Trust Enhanced Short Maturity ETF by 43.8% during the 1st quarter. Hansen & Associates Financial Group Inc. now owns 1,285,331 shares of the company’s stock worth $76,966,000 after acquiring an additional 391,525 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM opened at $59.94 on Friday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.69 and a 1 year high of $60.11. The stock has a 50 day simple moving average of $60.00 and a 200-day simple moving average of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 30th were given a dividend of $0.213 per share. The ex-dividend date was Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

About First Trust Enhanced Short Maturity ETF

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.