First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Down 86.4% in April

by · The Cerbat Gem

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get Free Report) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 30,369 shares, a decrease of 86.4% from the March 31st total of 224,084 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,061,261 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Several large investors have recently modified their holdings of FTSM. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 1,953.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock worth $226,830,000 after purchasing an additional 3,600,586 shares during the last quarter. BDFS Capital LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth approximately $63,291,000. Wells Fargo & Company MN raised its stake in shares of First Trust Enhanced Short Maturity ETF by 11.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock worth $518,664,000 after purchasing an additional 876,866 shares during the last quarter. GDS Wealth Management raised its stake in shares of First Trust Enhanced Short Maturity ETF by 105.2% during the fourth quarter. GDS Wealth Management now owns 859,078 shares of the company’s stock worth $51,485,000 after purchasing an additional 440,329 shares during the last quarter. Finally, Kaydan Wealth Management Inc. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 651.8% during the fourth quarter. Kaydan Wealth Management Inc. now owns 415,493 shares of the company’s stock worth $24,900,000 after purchasing an additional 360,223 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock traded up $0.03 during trading hours on Friday, hitting $59.97. The stock had a trading volume of 928,197 shares, compared to its average volume of 1,029,372. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.74 and a twelve month high of $60.14. The stock’s 50 day moving average is $59.92 and its 200 day moving average is $59.97.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

First Trust Enhanced Short Maturity ETF Company Profile

(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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