First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Stock Short Interest Climbs 78.0%
by Tristan Rich · The Markets DailyFirst Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 627,101 shares, a growth of 78.0% from the September 15th total of 352,230 shares. Based on an average trading volume of 852,000 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are short sold.
Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Analysts LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 175.3% in the 2nd quarter. Capital Analysts LLC now owns 603 shares of the company’s stock valued at $36,000 after purchasing an additional 384 shares in the last quarter. Anchor Investment Management LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the 1st quarter worth approximately $42,000. CoreCap Advisors LLC increased its position in First Trust Enhanced Short Maturity ETF by 16.9% during the 2nd quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after purchasing an additional 178 shares during the period. Mather Group LLC. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $106,000. Finally, IFS Group LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 1st quarter worth approximately $206,000.
First Trust Enhanced Short Maturity ETF Stock Performance
FTSM traded up $0.01 on Thursday, reaching $59.66. The company’s stock had a trading volume of 44,715 shares, compared to its average volume of 841,907. The stock has a 50 day moving average of $59.72 and a two-hundred day moving average of $59.81. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.49 and a fifty-two week high of $60.91.
First Trust Enhanced Short Maturity ETF Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.2050 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. This represents a $2.46 dividend on an annualized basis and a yield of 4.1%.
First Trust Enhanced Short Maturity ETF Company Profile
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.