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 increase in short interest during the month of March. As of March 31st, there was short interest totaling 224,084 shares, an increase of 94.5% from the March 15th total of 115,211 shares. Based on an average daily trading volume, of 1,118,568 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Several hedge funds have recently added to or reduced their stakes in FTSM. EverSource Wealth Advisors LLC grew its holdings in First Trust Enhanced Short Maturity ETF by 148,300.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock valued at $178,000 after purchasing an additional 2,966 shares during the last quarter. Darwin Wealth Management LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at about $905,000. Jane Street Group LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at about $3,843,000. Bank of America Corp DE grew its holdings in First Trust Enhanced Short Maturity ETF by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after purchasing an additional 110,033 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in First Trust Enhanced Short Maturity ETF by 6.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 43,630 shares of the company’s stock valued at $2,612,000 after purchasing an additional 2,780 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock opened at $59.87 on Monday. The company’s 50-day moving average price is $59.93 and its 200-day moving average price is $59.98. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.74 and a twelve month high of $60.14.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 31st were issued a dividend of $0.208 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, March 31st. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.19.

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.