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

by · The Cerbat Gem

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get Free Report) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 305,137 shares, an increase of 1,417.7% from the July 15th total of 20,105 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 612,916 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FTSM. Wells Fargo & Company MN grew its stake in First Trust Enhanced Short Maturity ETF by 11.3% in the 4th quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock worth $518,664,000 after buying an additional 876,866 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,953.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock worth $226,830,000 after acquiring an additional 3,600,586 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.2% during the 4th quarter. Royal Bank of Canada now owns 2,981,955 shares of the company’s stock worth $178,708,000 after acquiring an additional 34,833 shares during the last quarter. Bank of America Corp DE grew its position in First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock worth $149,744,000 after acquiring an additional 110,033 shares in the last quarter. Finally, Csenge Advisory Group grew its position in First Trust Enhanced Short Maturity ETF by 0.6% in the fourth quarter. Csenge Advisory Group now owns 1,871,976 shares of the company’s stock worth $112,188,000 after acquiring an additional 10,743 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of FTSM stock traded up $0.02 on Tuesday, reaching $59.79. The company’s stock had a trading volume of 471,638 shares, compared to its average volume of 873,006. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.70 and a 12-month high of $60.14. The stock’s 50 day simple moving average is $59.82 and its 200-day simple moving average is $59.89.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 31st were issued a $0.206 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.1%.

About First Trust Enhanced Short Maturity ETF

(Get Free Report)

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.

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