First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Update

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,530 shares, a growth of 340.7% from the June 30th total of 801 shares. Based on an average trading volume of 2,693 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Dividend Strength ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers raised its position in First Trust Dividend Strength ETF by 8.3% during the first quarter. Cetera Investment Advisers now owns 5,047 shares of the company’s stock valued at $305,000 after acquiring an additional 388 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of First Trust Dividend Strength ETF during the first quarter worth about $209,000. Kestra Advisory Services LLC acquired a new position in shares of First Trust Dividend Strength ETF during the fourth quarter valued at approximately $95,000. LPL Financial LLC raised its stake in First Trust Dividend Strength ETF by 5.7% in the 4th quarter. LPL Financial LLC now owns 138,676 shares of the company’s stock valued at $7,834,000 after purchasing an additional 7,495 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of First Trust Dividend Strength ETF in the fourth quarter valued at about $169,000.

First Trust Dividend Strength ETF Stock Up 0.4%

NASDAQ:FTDS opened at $64.03 on Tuesday. The stock has a market capitalization of $38.42 million, a price-to-earnings ratio of 14.53 and a beta of 0.82. First Trust Dividend Strength ETF has a 52 week low of $52.21 and a 52 week high of $64.03. The firm has a 50 day moving average of $61.20 and a 200 day moving average of $60.86.

First Trust Dividend Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.1928 per share. This represents a $0.77 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 25th.

About First Trust Dividend Strength ETF

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio. FTDS was launched on Dec 6, 2006 and is managed by First Trust.